UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in Nordson Corporation $NDSN

Key Points

• UBS Asset Management increased its stake in Nordson Corporation by 4.0%, owning approximately 0.45% of the company, valued at $51.1 million, as of the latest SEC filing.
• Nordson recently reported quarterly earnings of $2.73 per share, exceeding expectations, with a revenue increase of 12.1% year-over-year.
• The company announced a dividend increase to $0.82 per share, resulting in an annualized yield of 1.5%, with the payment set for September 25th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,260 shares of the industrial products company's stock after buying an additional 9,679 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.45% of Nordson worth $51,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NDSN. Quarry LP purchased a new position in Nordson in the first quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB boosted its position in Nordson by 86.4% in the first 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 during the last quarter. Harbour Investments Inc. boosted its position in Nordson by 36.7% in the first 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 during the last quarter. National Pension Service boosted its position in Nordson by 74.8% in the first 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 during the last quarter. Finally, CX Institutional purchased a new stake in Nordson in the first quarter valued at approximately $67,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of recent research reports. Vertical Research started coverage on Nordson in a research report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price on the stock. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Oppenheimer boosted their price target on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, August 25th. KeyCorp boosted their price target on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus target price of $255.75.

Nordson Price Performance

NASDAQ NDSN traded down $2.55 during mid-day trading on Friday, hitting $225.08. The stock had a trading volume of 603,102 shares, compared to its average volume of 308,743. The firm's 50 day moving average is $219.67 and its 200 day moving average is $208.24. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.73 and a beta of 0.94.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data 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. 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 the consensus estimate of $724.04 million. During the same period in the prior year, the company earned $2.41 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. Equities research analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. This is an increase from Nordson's previous quarterly dividend of $0.78. Nordson's dividend payout ratio (DPR) is currently 41.21%.

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.