Nordson Corporation $NDSN Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in Nordson Corporation by 8.6%, selling 3,648 shares and now holding 38,674 shares valued at $7,208,000.
• Nordson's quarterly earnings report showed an EPS of $2.73, exceeding expectations, with a revenue increase of 12.1% year-over-year, totaling $741.51 million for the quarter.
• The company raised its quarterly dividend from $0.78 to $0.82 per share, with a dividend yield of 1.5%, set to be paid on September 25th.

Amundi decreased its holdings in Nordson Corporation (NASDAQ:NDSN - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,674 shares of the industrial products company's stock after selling 3,648 shares during the period. Amundi owned about 0.07% of Nordson worth $7,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. increased its position in Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock worth $41,000 after buying an additional 54 shares during the period. Wedbush Securities Inc. grew its position in shares of Nordson by 2.2% during the first quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company's stock worth $553,000 after acquiring an additional 58 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Nordson by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock valued at $486,000 after acquiring an additional 67 shares during the period. Allworth Financial LP raised its position in Nordson by 0.6% in the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company's stock valued at $2,146,000 after purchasing an additional 69 shares during the last quarter. Finally, Aberdeen Group plc boosted its stake in Nordson by 1.8% during the 1st quarter. Aberdeen Group plc now owns 3,986 shares of the industrial products company's stock worth $797,000 after purchasing an additional 70 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Price Performance

Shares of Nordson stock traded up $0.21 during trading on Tuesday, reaching $226.13. The company's stock had a trading volume of 306,173 shares, compared to its average volume of 381,121. The business has a 50 day moving average price of $219.47 and a 200-day moving average price of $207.86. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a market capitalization of $12.71 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.10. The firm had revenue of $741.51 million during the quarter, compared to analysts' expectations of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.Nordson's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, sell-side analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.5%. This is a positive change from Nordson's previous quarterly dividend of $0.78. The ex-dividend date is Thursday, September 11th. Nordson's dividend payout ratio (DPR) is 41.21%.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. KeyCorp lifted their target price on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wolfe Research began coverage on Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Nordson has a consensus rating of "Moderate Buy" and an average price target of $255.75.

Nordson Profile

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.