MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.08 Million Stake in Nordson Corporation $NDSN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Nordson Corporation by 9.3%, owning 15,308 shares worth approximately $3.08 million as of the recent SEC filing.
• Nordson Corporation's stock has received a mix of ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $255.75.
• The company recently disclosed an increase in its quarterly dividend to $0.82, representing an annual yield of 1.5%, payable on September 25th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,308 shares of the industrial products company's stock after acquiring an additional 1,304 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Nordson were worth $3,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Nordson in the 1st quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Nordson by 86.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after buying an additional 89 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Nordson by 36.7% in 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 grew its stake in shares of Nordson by 74.8% in 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. Finally, CX Institutional bought a new stake in shares of Nordson in 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

Several brokerages recently commented on NDSN. Robert W. Baird boosted their price target on Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Vertical Research initiated coverage on Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price for the company. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Wolfe Research initiated coverage on Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Finally, KeyCorp boosted their target price on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $255.75.

Nordson Stock Performance

Shares of NDSN stock traded up $3.99 during trading hours on Thursday, reaching $227.63. 281,484 shares of the company's stock were exchanged, compared to its average volume of 370,775. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The stock has a market capitalization of $12.79 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.70 and a beta of 0.94. The business has a fifty day moving average price of $219.59 and a 200-day moving average price of $208.11. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.10. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The company had revenue of $741.51 million during the quarter, compared to analyst estimates of $724.04 million. During the same period in the previous year, the company earned $2.41 earnings per share. The company'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. Analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.82 per share. 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. The ex-dividend date is Thursday, September 11th. Nordson's dividend payout ratio is presently 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.