Janney Montgomery Scott LLC Sells 59,510 Shares of Nordson Corporation $NDSN

Key Points

• Janney Montgomery Scott LLC has reduced its stake in Nordson Corporation by 44.5%, selling 59,510 shares and now owning about 0.13% of the company, valued at approximately $15.9 million.
• Several institutional investors have increased their holdings in Nordson, with notable increases from UMB Bank and Thurston Springer Miller Herd & Titak Inc., reflecting a growing investor interest.
• Nordson recently reported better-than-expected earnings with **$2.73 EPS** and announced an increase in its quarterly dividend to **$0.82 per share**, signaling strong financial performance and commitment to returning value to shareholders.

Janney Montgomery Scott LLC decreased its stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 44.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,220 shares of the industrial products company's stock after selling 59,510 shares during the period. Janney Montgomery Scott LLC owned approximately 0.13% of Nordson worth $15,911,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Nordson during the first quarter worth $28,000. UMB Bank n.a. increased its position in shares of Nordson by 96.3% during the second quarter. UMB Bank n.a. now owns 161 shares of the industrial products company's stock worth $35,000 after acquiring an additional 79 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock worth $41,000 after acquiring an additional 54 shares in the last quarter. National Pension Service increased its position in shares of Nordson by 74.8% during the first quarter. National Pension Service now owns 201 shares of the industrial products company's stock worth $41,000 after acquiring an additional 86 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Nordson by 85.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 217 shares of the industrial products company's stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NDSN shares. Wolfe Research started coverage on shares of Nordson in a research report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. KeyCorp raised their target price on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Robert W. Baird raised their target price 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, Vertical Research started coverage on shares of Nordson in a research report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $255.75.

Nordson Stock Performance

NASDAQ NDSN opened at $232.25 on Friday. The firm has a 50-day moving average of $221.36 and a 200-day moving average of $209.32. 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 stock has a market cap of $13.05 billion, a PE ratio of 29.18, a P/E/G ratio of 1.73 and a beta of 0.96. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its 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 analysts' expectations of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Nordson's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, sell-side analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

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

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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