Ancora Advisors LLC Acquires 1,604 Shares of Nordson Corporation $NDSN

Key Points

• Ancora Advisors LLC increased its stake in Nordson Corporation by 30.6%, purchasing an additional 1,604 shares to bring their total holdings to 6,847 shares valued at approximately $1.38 million.
• Nordson reported a 12.1% year-over-year revenue increase with earnings per share of $2.73 for the latest quarter, surpassing analysts' expectations.
• The company recently announced a dividend increase from $0.78 to $0.82 per share, with a yield of 1.5%, scheduled for payment on September 25th.

Ancora Advisors LLC grew its holdings in Nordson Corporation (NASDAQ:NDSN - Free Report) by 30.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,847 shares of the industrial products company's stock after acquiring an additional 1,604 shares during the quarter. Ancora Advisors LLC's holdings in Nordson were worth $1,381,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NDSN. Ameriprise Financial Inc. increased its holdings in shares of Nordson by 6.8% in the fourth quarter. Ameriprise Financial Inc. now owns 111,954 shares of the industrial products company's stock worth $23,415,000 after acquiring an additional 7,169 shares in the last quarter. BNP Paribas Financial Markets raised its position in Nordson by 33.3% in the 4th quarter. BNP Paribas Financial Markets now owns 100,664 shares of the industrial products company's stock valued at $21,063,000 after buying an additional 25,174 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Nordson in the 4th quarter valued at approximately $13,207,000. Baird Financial Group Inc. raised its position in Nordson by 17.7% in the 4th quarter. Baird Financial Group Inc. now owns 5,882 shares of the industrial products company's stock valued at $1,231,000 after buying an additional 884 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in Nordson in the 4th quarter valued at approximately $173,000. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Up 0.3%

Shares of NASDAQ:NDSN traded up $0.68 during trading on Wednesday, hitting $222.79. 24,081 shares of the company were exchanged, compared to its average volume of 375,567. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.72 and a beta of 0.94. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The firm has a fifty day moving average price of $219.10 and a two-hundred day moving average price of $207.39. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $724.04 million. During the same period in the previous year, the company posted $2.41 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, research analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 1.5%. This is an increase from Nordson's previous quarterly dividend of $0.78. Nordson's dividend payout ratio is presently 41.21%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NDSN shares. Robert W. Baird lifted their target price on Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Oppenheimer lifted their target price on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. KeyCorp lifted their target price on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Nordson currently has an average rating of "Moderate Buy" and a consensus target price of $255.75.

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.