Voya Investment Management LLC Sells 3,730 Shares of Nordson Corporation $NDSN

Key Points

• Voya Investment Management LLC reduced its stake in Nordson Corporation by 12%, holding 27,232 shares valued at approximately $5.49 million.
• Nordson recently reported EPS of $2.73 for the quarter, surpassing expectations, with a year-over-year revenue increase of 12.1%.
• The company announced a quarterly dividend of $0.82 per share, reflecting an increase from the previous dividend of $0.78 and a yield of 1.4%.

Voya Investment Management LLC trimmed its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,232 shares of the industrial products company's stock after selling 3,730 shares during the period. Voya Investment Management LLC's holdings in Nordson were worth $5,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. lifted its stake in shares of Nordson by 36.7% in the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 54 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Nordson by 2.2% during the 1st quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company's stock valued at $553,000 after buying an additional 58 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Nordson by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock worth $486,000 after buying an additional 67 shares during the period. Allworth Financial LP increased its stake in shares of Nordson by 0.6% in the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company's stock worth $2,146,000 after acquiring an additional 69 shares in the last quarter. Finally, Aberdeen Group plc boosted its stake in Nordson by 1.8% during the first quarter. Aberdeen Group plc now owns 3,986 shares of the industrial products company's stock worth $797,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Performance

NASDAQ NDSN traded up $0.26 during trading hours on Monday, hitting $225.34. The company's stock had a trading volume of 226,826 shares, compared to its average volume of 306,312. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The company's 50 day simple moving average is $219.81 and its two-hundred day simple moving average is $208.27. 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 company has a market cap of $12.66 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94.

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. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The firm had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. During the same quarter last year, the firm posted $2.41 EPS. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, sell-side analysts expect that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NDSN shares. Robert W. Baird raised their target price on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. KeyCorp raised their price objective on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wolfe Research began coverage on Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Oppenheimer upped their price target on shares of Nordson from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $255.75.

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.