Banco Bilbao Vizcaya Argentaria S.A. Acquires 1,692 Shares of Nordson Corporation $NDSN

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Nordson Corporation by 53.9%, bringing its total holdings to 4,830 shares, valued at approximately $968,000.
• Nordson reported a quarterly earnings per share (EPS) of $2.73, exceeding analyst estimates by $0.10, while revenue grew 12.1% year-over-year to $741.51 million.
• The company declared a quarterly dividend of $0.78, which translates to an annualized dividend of $3.12 and a yield of 1.4%, with a payout ratio of 39.20%.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 53.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,830 shares of the industrial products company's stock after buying an additional 1,692 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Nordson were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Nordson by 86.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after buying an additional 89 shares during the period. Harbour Investments Inc. raised 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 valued at $41,000 after purchasing an additional 54 shares in the last quarter. National Pension Service raised its position in Nordson by 74.8% during the first quarter. National Pension Service now owns 201 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 86 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Nordson during the fourth quarter valued at approximately $62,000. Finally, CX Institutional acquired a new position in Nordson during the first quarter valued at approximately $67,000. 72.11% of the stock is currently owned by institutional investors.

Nordson Price Performance

Shares of NASDAQ:NDSN traded down $1.29 during trading on Thursday, hitting $224.39. 44,899 shares of the company were exchanged, compared to its average volume of 381,247. The business's 50 day moving average is $217.27 and its 200-day moving average is $206.99. The company has a market capitalization of $12.61 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89. 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 Corporation has a 1-year low of $165.03 and a 1-year high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $741.51 million during the quarter, compared to the consensus estimate of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. Equities analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The firm 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 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 payout ratio is currently 39.20%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NDSN. Oppenheimer boosted their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday. Vertical Research began coverage on shares of Nordson in a research report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price objective for the company. Wolfe Research began coverage on shares of Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating for the company. Robert W. Baird boosted their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. One equities research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.