Virtu Financial LLC Purchases Shares of 1,189 Nordson Corporation $NDSN

Key Points

• Virtu Financial LLC has purchased 1,189 shares of Nordson Corporation, valuing the investment at approximately $240,000.
• Nordson Corporation recently reported an earnings per share (EPS) of $2.42 for the last quarter, exceeding analyst estimates of $2.36, with quarterly revenue of $682.94 million.
• The company declared a quarterly dividend of $0.78 per share, representing a 1.5% dividend yield with a payout ratio of 40.10%.

Virtu Financial LLC bought a new position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,189 shares of the industrial products company's stock, valued at approximately $240,000.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Nordson by 156.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company's stock worth $205,685,000 after buying an additional 621,734 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Nordson by 676.5% in the fourth quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company's stock worth $51,539,000 after buying an additional 214,594 shares during the last quarter. Invesco Ltd. increased its stake in shares of Nordson by 15.9% in the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company's stock worth $210,536,000 after buying an additional 142,991 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Nordson by 19,089.3% in the first quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company's stock worth $28,606,000 after buying an additional 141,070 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Nordson by 21.8% in the fourth quarter. Northern Trust Corp now owns 508,066 shares of the industrial products company's stock worth $106,308,000 after buying an additional 91,097 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN stock traded down $4.14 during trading on Wednesday, hitting $213.36. The company had a trading volume of 213,938 shares, compared to its average volume of 371,200. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.64 and a beta of 0.89. The business has a 50 day moving average of $216.45 and a 200 day moving average of $206.63. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. The company had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. Nordson had a net margin of 16.51% and a return on equity of 19.10%. Nordson's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.34 EPS. Nordson has set its Q3 2025 guidance at 2.550-2.750 EPS. As a group, research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Nordson's payout ratio is currently 40.10%.

Analysts Set New Price Targets

Several analysts have weighed in on NDSN shares. KeyCorp boosted their target price on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Nordson from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird boosted their target price on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Vertical Research started coverage on shares of Nordson in a research note on Tuesday, June 17th. They set a "hold" rating and a $245.00 target price for the company. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Nordson presently has a consensus rating of "Moderate Buy" and an average price target of $254.86.

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.