MBB Public Markets I LLC Acquires New Position in Nordson Corporation $NDSN

Key Points

• MBB Public Markets I LLC invested approximately $298,000 in Nordson Corporation (NASDAQ:NDSN) by purchasing 1,479 shares during the first quarter.
• Nordson reported $2.73 EPS for the last quarter, exceeding analysts' estimates, and announced an increase in its quarterly dividend to $0.82 per share.
• Institutional investors collectively own 72.11% of Nordson's stock, with several firms increasing their holdings in the recent quarter, showcasing strong institutional interest.

MBB Public Markets I LLC purchased a new stake in Nordson Corporation (NASDAQ:NDSN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,479 shares of the industrial products company's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NDSN. Quarry LP purchased a new stake in shares of Nordson in the first quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB raised its stake in Nordson by 86.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 89 shares during the last quarter. Harbour Investments Inc. lifted its position in Nordson by 36.7% during the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock worth $41,000 after acquiring an additional 54 shares during the period. National Pension Service lifted its position in Nordson by 74.8% during the 1st quarter. National Pension Service now owns 201 shares of the industrial products company's stock worth $41,000 after acquiring an additional 86 shares during the period. Finally, CX Institutional purchased a new position in shares of Nordson in the 1st quarter valued at approximately $67,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 0.8%

Shares of NDSN traded up $1.80 during trading on Wednesday, reaching $227.93. The company's stock had a trading volume of 62,638 shares, compared to its average volume of 373,820. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.71 and a beta of 0.94. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $219.47 and a two-hundred day moving average of $207.86. Nordson Corporation has a twelve month low of $165.03 and a twelve month 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 for the quarter, topping the consensus estimate of $2.63 by $0.10. The company had revenue of $741.51 million during the quarter, compared to analyst estimates of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, sell-side analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The company 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. The ex-dividend date is Thursday, September 11th. This is an increase from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 1.4%. Nordson's payout ratio is currently 41.21%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NDSN. Robert W. Baird increased their price target on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. KeyCorp lifted their price objective on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Oppenheimer raised 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, Wolfe Research initiated coverage on Nordson in a research report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $255.75.

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.