Champlain Investment Partners LLC Sells 63,510 Shares of Nordson Corporation $NDSN

Key Points

• Champlain Investment Partners LLC reduced its holdings in Nordson Corporation by 7.4%, selling 63,510 shares and now owns 796,920 shares, making Nordson its 25th largest position.
• Nordson reported a 12.1% increase in revenue year-over-year, with an EPS of $2.73 for the latest quarter, surpassing analyst estimates.
• The stock received a consensus rating of "Moderate Buy" with an average price target of $255.75 from analysts following recent evaluations.

Champlain Investment Partners LLC trimmed its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 7.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 796,920 shares of the industrial products company's stock after selling 63,510 shares during the period. Nordson makes up about 1.2% of Champlain Investment Partners LLC's portfolio, making the stock its 25th biggest position. Champlain Investment Partners LLC owned about 1.40% of Nordson worth $160,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Nordson by 3.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company's stock worth $540,867,000 after acquiring an additional 90,704 shares during the last quarter. Allstate Corp lifted its stake in shares of Nordson by 185.7% during the 1st quarter. Allstate Corp now owns 4,692 shares of the industrial products company's stock worth $946,000 after acquiring an additional 3,050 shares during the last quarter. Norinchukin Bank The lifted its stake in shares of Nordson by 16.0% during the 1st quarter. Norinchukin Bank The now owns 2,981 shares of the industrial products company's stock worth $601,000 after acquiring an additional 412 shares during the last quarter. Summit Financial LLC bought a new stake in shares of Nordson during the 1st quarter worth approximately $707,000. Finally, United Asset Strategies Inc. lifted its stake in shares of Nordson by 3.6% during the 1st quarter. United Asset Strategies Inc. now owns 3,036 shares of the industrial products company's stock worth $612,000 after acquiring an additional 106 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

NDSN has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating for the company. Robert W. Baird raised their price target on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Jefferies Financial Group restated a "hold" rating and set a $240.00 price objective on shares of Nordson in a report on Thursday, August 21st. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Vertical Research began coverage on Nordson in a report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price objective on the stock. 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $255.75.

Nordson Trading Up 0.2%

NDSN traded up $0.42 during trading on Monday, hitting $225.09. 282,203 shares of the stock were exchanged, compared to its average volume of 391,571. The firm has a 50 day simple moving average of $217.80 and a 200 day simple moving average of $206.98. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.71 and a beta of 0.94. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.10. The business had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The business's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, equities analysts expect that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Nordson's previous quarterly dividend of $0.78. 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.