Nordson Corporation $NDSN Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC has reduced its holdings in Nordson Corporation by 53.3%, now owning 2,669 shares valued at $538,000.
• Several institutional investors increased their positions in Nordson during the first quarter, with MassMutual Private Wealth & Trust FSB growing its holdings by 86.4%.
• Nordson's latest quarterly earnings exceeded analysts' expectations, reporting earnings per share of $2.73, and setting a fiscal year 2025 guidance of $10.100 EPS.

AlphaQuest LLC trimmed its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 53.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,669 shares of the industrial products company's stock after selling 3,041 shares during the period. AlphaQuest LLC's holdings in Nordson were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Nordson during the 4th quarter worth approximately $372,000. Dimensional Fund Advisors LP lifted its holdings in Nordson by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 453,050 shares of the industrial products company's stock worth $94,797,000 after buying an additional 43,556 shares during the last quarter. MML Investors Services LLC lifted its holdings in Nordson by 2.2% during the 4th quarter. MML Investors Services LLC now owns 5,636 shares of the industrial products company's stock worth $1,179,000 after buying an additional 122 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Nordson by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,606 shares of the industrial products company's stock worth $16,239,000 after purchasing an additional 327 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Nordson during the 4th quarter worth approximately $201,000. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NDSN. Robert W. Baird increased their price target on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. KeyCorp increased their price target on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wolfe Research began coverage on Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Jefferies Financial Group reiterated a "hold" rating and set a $240.00 price target on shares of Nordson in a research report on Thursday, August 21st. Finally, Oppenheimer increased their price target on Nordson from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $255.75.

Nordson Price Performance

Shares of NDSN stock traded down $1.00 during mid-day trading on Thursday, hitting $224.67. 214,716 shares of the stock traded hands, compared to its average volume of 420,630. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.71 and a beta of 0.89. The company's 50-day simple moving average is $217.49 and its 200-day simple moving average is $207.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.10. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The company had revenue of $741.51 million for the quarter, compared to analysts' expectations of $724.04 million. During the same period last year, the firm earned $2.41 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, equities research analysts expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.82 per share. This is a boost from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a dividend yield of 1.5%. Nordson's dividend payout ratio (DPR) is 39.20%.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.