Mission Creek Capital Partners Inc. Has $473,000 Stake in Nordson Corporation $NDSN

Key Points

• Mission Creek Capital Partners Inc. has reduced its holdings in Nordson Corporation by 45.7%, following the sale of 1,977 shares, leaving it with a total of 2,346 shares valued at approximately $473,000.
• Multiple hedge funds have increased their investments in Nordson, with Harbour Investments Inc. raising its stake by 36.7%, reflecting strong interest from institutional investors who now hold 72.11% of the company's stock.
• Nordson recently declared a quarterly dividend of $0.82 per share, marking an increase from the previous dividend of $0.78, representing an annualized yield of 1.5% on its stock.

Mission Creek Capital Partners Inc. trimmed its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 45.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,346 shares of the industrial products company's stock after selling 1,977 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Nordson were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings in Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock worth $39,000 after acquiring an additional 89 shares during the period. Harbour Investments Inc. grew its holdings in 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 during the period. National Pension Service grew its holdings in 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 during the period. Kapitalo Investimentos Ltda acquired a new position in Nordson during the fourth quarter worth about $62,000. Finally, CX Institutional acquired a new position in Nordson during the first quarter worth about $67,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. Wolfe Research assumed coverage on Nordson in a report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. Vertical Research started coverage on Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price target on the stock. Finally, Oppenheimer lifted their price target on Nordson from $260.00 to $275.00 and gave the stock 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 issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $255.75.

Nordson Stock Down 1.1%

NASDAQ NDSN traded down $2.45 during trading on Tuesday, reaching $222.64. 154,997 shares of the company's stock were exchanged, compared to its average volume of 380,305. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The firm has a market capitalization of $12.51 billion, a PE ratio of 27.93, a P/E/G ratio of 1.71 and a beta of 0.94. 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 company's fifty day simple moving average is $218.04 and its 200-day simple moving average is $207.04.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $741.51 million during the quarter, compared to analyst estimates of $724.04 million. During the same period last year, the company posted $2.41 EPS. The business'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. Sell-side analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

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

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.