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. increased its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 53.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,830 shares of the industrial products company's stock after purchasing an additional 1,692 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Nordson were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NDSN. MassMutual Private Wealth & Trust FSB lifted its stake in Nordson by 86.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 89 shares during the period. Harbour Investments Inc. lifted its stake in Nordson by 36.7% during the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 54 shares during the period. National Pension Service lifted its stake in Nordson by 74.8% during the 1st quarter. National Pension Service now owns 201 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 86 shares during the period. Kapitalo Investimentos Ltda bought a new position in Nordson during the 4th quarter valued at about $62,000. Finally, CX Institutional bought a new position in Nordson during the 1st quarter valued at about $67,000. Institutional investors own 72.11% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NDSN. Vertical Research began coverage on shares of Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective on the stock. Oppenheimer increased their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Monday. Robert W. Baird increased their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group reaffirmed a "hold" rating and set a $240.00 price objective on shares of Nordson in a report on Thursday. Finally, KeyCorp raised their target price on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $255.75.

Nordson Trading Up 0.2%

NDSN traded up $0.56 during trading on Tuesday, reaching $226.35. The company had a trading volume of 607,286 shares, compared to its average volume of 384,207. The stock has a market cap of $12.79 billion, a P/E ratio of 28.44, a PEG ratio of 1.73 and a beta of 0.89. The business has a 50 day simple moving average of $216.78 and a 200-day simple moving average of $206.73. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86. 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 issued its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 19.45% and a net margin of 16.34%.Nordson's revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, equities analysts anticipate that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 18th. Nordson's dividend payout ratio (DPR) is 39.20%.

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.