Copeland Capital Management LLC Buys 10,134 Shares of Nordson Corporation $NDSN

Key Points

• Copeland Capital Management LLC increased its stake in Nordson Corporation by 8.4% during the 2nd quarter, owning 130,642 shares valued at approximately $28 million.
• Nordson Corporation declared a quarterly dividend of $0.82, up from the previous $0.78, with a current dividend yield of 1.4%.
• Analysts have a consensus target price of $255.75 for Nordson, with recent upgrades suggesting a positive outlook for the stock's performance.

Copeland Capital Management LLC grew its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,642 shares of the industrial products company's stock after purchasing an additional 10,134 shares during the period. Copeland Capital Management LLC owned approximately 0.23% of Nordson worth $28,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake 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 purchasing an additional 67 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Nordson by 18.7% in the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company's stock valued at $535,000 after purchasing an additional 418 shares during the period. Amalgamated Bank grew its position in Nordson by 1.2% during the 1st quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company's stock worth $2,153,000 after acquiring an additional 127 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Nordson during the 1st quarter worth approximately $1,599,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Nordson by 4.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company's stock worth $51,088,000 after acquiring an additional 9,679 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Up 1.6%

NASDAQ:NDSN opened at $232.25 on Friday. The stock's fifty day moving average price is $221.36 and its two-hundred day moving average price is $209.32. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $266.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.73 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last posted 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. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The firm had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. During the same quarter in the prior year, the business earned $2.41 EPS. The business'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. On average, analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.82 dividend. This is an increase from Nordson's previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.4%. Nordson's dividend payout ratio (DPR) is currently 41.21%.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of research analyst reports. 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. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Jefferies Financial Group restated a "hold" rating and set a $240.00 price target on shares of Nordson in a research report on Thursday, August 21st. 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, August 25th. Finally, Vertical Research initiated coverage on Nordson in a research report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $255.75.

Nordson Company 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.

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