Kestra Advisory Services LLC Has $983,000 Stock Holdings in Nordson Corporation $NDSN

Kestra Advisory Services LLC decreased its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 26.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,871 shares of the industrial products company's stock after selling 1,723 shares during the quarter. Kestra Advisory Services LLC's holdings in Nordson were worth $983,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NDSN. Massachusetts Financial Services Co. MA grew its position in shares of Nordson by 156.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company's stock worth $205,685,000 after buying an additional 621,734 shares in the last quarter. Nuveen LLC bought a new stake in Nordson in the first quarter valued at $29,125,000. Invesco Ltd. lifted its stake in Nordson by 15.9% in the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company's stock valued at $210,536,000 after buying an additional 142,991 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Nordson by 19,089.3% during the first quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company's stock valued at $28,606,000 after purchasing an additional 141,070 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of Nordson by 167.6% during the fourth quarter. Voloridge Investment Management LLC now owns 138,056 shares of the industrial products company's stock valued at $28,887,000 after purchasing an additional 86,467 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Performance

Shares of NDSN traded down $0.91 during mid-day trading on Friday, hitting $225.10. The company's stock had a trading volume of 133,715 shares, compared to its average volume of 377,664. The firm has a market capitalization of $12.65 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The stock's 50-day moving average is $218.64 and its two-hundred day moving average is $207.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 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 during the quarter, compared to analysts' expectations of $724.04 million. During the same period last year, the business earned $2.41 earnings per share. Nordson's quarterly revenue was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, sell-side analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.82 per share. This is an increase from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. Nordson's dividend payout ratio is currently 39.20%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NDSN. Robert W. Baird boosted their price target on shares of Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. Wolfe Research assumed coverage on Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating on the stock. Finally, Oppenheimer lifted their target price on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. One investment 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 company's stock. According to MarketBeat, Nordson 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.