Hsbc Holdings PLC Acquires 14,422 Shares of Nordson Corporation $NDSN

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 increased its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 16.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.18% of Nordson worth $20,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NDSN. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Nordson by 37.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,732 shares of the industrial products company's stock worth $752,000 after purchasing an additional 1,015 shares during the period. Quantbot Technologies LP purchased a new stake in Nordson in the first quarter worth about $4,187,000. Raymond James Financial Inc. grew its holdings in Nordson by 3.9% in the first quarter. Raymond James Financial Inc. now owns 367,609 shares of the industrial products company's stock worth $74,154,000 after purchasing an additional 13,926 shares during the period. Cresset Asset Management LLC grew its holdings in Nordson by 3.8% in the first quarter. Cresset Asset Management LLC now owns 39,874 shares of the industrial products company's stock worth $8,074,000 after purchasing an additional 1,475 shares during the period. Finally, Gen Wealth Partners Inc grew its holdings in Nordson by 5.7% in the first quarter. Gen Wealth Partners Inc now owns 2,249 shares of the industrial products company's stock worth $454,000 after purchasing an additional 121 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

NDSN stock traded down $1.29 on Thursday, hitting $224.39. The company had a trading volume of 90,306 shares, compared to its average volume of 381,542. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The stock's 50-day simple moving average is $217.27 and its 200 day simple moving average is $206.99. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 1.72 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its 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. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company had revenue of $741.51 million for the quarter, compared to analysts' expectations of $724.04 million. During the same quarter last year, the company posted $2.41 earnings per share. The firm's quarterly revenue was up 12.1% on a year-over-year basis. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, equities research analysts expect that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.5%. This is a boost from Nordson's previous quarterly dividend of $0.78. Nordson's dividend payout ratio (DPR) is currently 39.20%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NDSN shares. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Jefferies Financial Group restated a "hold" rating and issued a $240.00 price objective on shares of Nordson in a report on Thursday, August 21st. Vertical Research started coverage on shares of Nordson in a report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price target on the stock. KeyCorp increased their price target on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Robert W. Baird increased their price target on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. One equities research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.