Nordson Corporation $NDSN Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Nordson Corporation by 16.2% during Q1, owning 103,221 shares valued at approximately $20.76 million.
• Nordson reported earnings of $2.73 per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 12.1%.
• The company has set a fiscal year 2025 EPS guidance of $10.100, with analysts anticipating an average EPS of $10.2 for the current fiscal year.

Hsbc Holdings PLC boosted its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 16.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,221 shares of the industrial products company's stock after buying an additional 14,422 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Nordson worth $20,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in Nordson by 86.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock worth $39,000 after purchasing an additional 89 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of 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 buying an additional 54 shares in the last quarter. National Pension Service lifted its position in shares of 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 buying an additional 86 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Nordson during the 4th quarter valued at approximately $62,000. Finally, CX Institutional purchased a new position in shares of Nordson during the 1st quarter valued at approximately $67,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Oppenheimer raised their target price on Nordson from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Monday. KeyCorp raised their target price on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Robert W. Baird raised their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Finally, Wolfe Research initiated coverage on Nordson in a research note on Wednesday, June 18th. They issued a "peer perform" rating for the company. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $255.75.

Nordson Stock Up 0.1%

Shares of NDSN traded up $0.21 during midday trading on Friday, hitting $224.88. The company had a trading volume of 47,832 shares, compared to its average volume of 380,252. The company's 50-day simple moving average is $217.49 and its 200-day simple moving average is $207.05. 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 firm has a market capitalization of $12.63 billion, a P/E ratio of 28.26, a P/E/G ratio of 1.71 and a beta of 0.89. 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 data on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.10. The business 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%.The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, sell-side analysts expect that Nordson Corporation will post 10.2 EPS for the current 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 given a dividend of $0.82 per share. 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. Nordson's dividend payout ratio (DPR) is 39.20%.

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.