Stoneridge Investment Partners LLC Has $670,000 Stake in Nordson Corporation $NDSN

Key Points

• Stoneridge Investment Partners LLC reduced its holdings in Nordson Corporation by 44.6%, owning 3,321 shares after selling 2,675 shares during the first quarter.
• Nordson Corporation reported $2.42 earnings per share (EPS) for the quarter, exceeding analysts' expectations of $2.36, with a 5.0% increase in quarterly revenue compared to the previous year.
• Several institutional investors have increased their stakes in Nordson, with 72.11% of the stock now owned by such investors, signaling confidence in the company.

Stoneridge Investment Partners LLC trimmed its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 44.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,321 shares of the industrial products company's stock after selling 2,675 shares during the quarter. Stoneridge Investment Partners LLC's holdings in Nordson were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Nordson by 86.4% during the 1st 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. boosted its stake in shares of 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 boosted its stake in shares of 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. Kapitalo Investimentos Ltda bought a new position in shares of Nordson during the 4th quarter worth approximately $62,000. Finally, CX Institutional bought a new position in shares of Nordson during the 1st quarter worth approximately $67,000. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NDSN shares. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research note on Saturday. KeyCorp raised their target price on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wolfe Research started coverage on shares of Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating for the company. Robert W. Baird raised their target price on shares of Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Vertical Research assumed coverage on Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.00.

Nordson Price Performance

Shares of NASDAQ:NDSN traded down $1.3980 during trading on Monday, reaching $225.7720. 136,474 shares of the company traded hands, compared to its average volume of 381,089. The company's 50 day moving average is $216.63 and its two-hundred day moving average is $206.65. The firm has a market capitalization of $12.69 billion, a PE ratio of 28.42, a PEG ratio of 1.73 and a beta of 0.89. 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 Corporation has a 52 week low of $165.03 and a 52 week high of $266.86.

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, beating the consensus estimate 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%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, sell-side analysts predict that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a $0.78 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. Nordson's payout ratio is presently 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.