Nordson Corporation $NDSN Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its holdings in Nordson Corporation by 1.3%, selling 6,521 shares, resulting in ownership of 501,545 shares valued at approximately $101 million.
• Nordson reported earnings per share of $2.73 for its latest quarter, surpassing the expected $2.63, and noted a 12.1% year-over-year revenue increase to $741.51 million.
• The company declared a quarterly dividend of $0.78 per share, representing an annual dividend yield of 1.4% with a payout ratio of 39.20%.

Northern Trust Corp trimmed its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 501,545 shares of the industrial products company's stock after selling 6,521 shares during the quarter. Northern Trust Corp owned about 0.88% of Nordson worth $101,172,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake 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 last quarter. Harbour Investments Inc. increased its stake 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 last quarter. National Pension Service increased its stake 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 last quarter. Kapitalo Investimentos Ltda bought a new stake in Nordson during the fourth quarter worth approximately $62,000. Finally, CX Institutional bought a new stake in Nordson during the first quarter worth approximately $67,000. 72.11% of the stock is owned by institutional investors.

Nordson Stock Up 0.2%

Nordson stock traded up $0.42 during mid-day trading on Friday, reaching $225.09. 282,203 shares of the company were exchanged, compared to its average volume of 398,565. The business has a fifty day moving average of $217.80 and a 200 day moving average of $207.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. The firm has a market cap of $12.65 billion, a P/E ratio of 28.28, a PEG ratio of 1.70 and a beta of 0.89. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.10. The company had revenue of $741.51 million during the quarter, compared to analyst estimates of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.Nordson's revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. Research analysts anticipate 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 dividend of $0.82 per share. This is an increase from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. Nordson's dividend payout ratio (DPR) is currently 39.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Vertical Research assumed coverage on Nordson in a research note on Tuesday, June 17th. They set a "hold" rating and a $245.00 price objective on the stock. Jefferies Financial Group reissued a "hold" rating and set a $240.00 price objective on shares of Nordson in a research note on Thursday, August 21st. KeyCorp upped their target price on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Oppenheimer upped their target price on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Robert W. Baird upped their target price on Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $255.75.

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.