Yousif Capital Management LLC Raises Stake in Nordson Corporation $NDSN

Key Points

• Yousif Capital Management LLC increased its stake in Nordson Corporation by 5.6%, acquiring an additional 1,967 shares to hold approximately 0.07% of the company, valued at $7,990,000.
• Nordson's recent quarterly earnings reported an EPS of $2.42 and revenue of $646.86 million, with an anticipated EPS of 10.2 for the current fiscal year.
• The company announced a dividend increase to $0.82 per share, reflecting an annualized dividend of $3.28 and a yield of 1.4%, with a payout ratio of 41.21%.

Yousif Capital Management LLC boosted its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 37,270 shares of the industrial products company's stock after purchasing an additional 1,967 shares during the period. Yousif Capital Management LLC owned approximately 0.07% of Nordson worth $7,990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its position in 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 purchasing an additional 90,704 shares during the last quarter. Invesco Ltd. boosted its holdings 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 valued at $210,536,000 after acquiring an additional 142,991 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 valued at $205,685,000 after acquiring an additional 621,734 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nordson by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 470,997 shares of the industrial products company's stock valued at $95,010,000 after acquiring an additional 11,287 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Nordson by 3.9% in the first quarter. Raymond James Financial Inc. now owns 367,609 shares of the industrial products company's stock valued at $74,154,000 after acquiring an additional 13,926 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 1.0%

Shares of NASDAQ NDSN opened at $230.52 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86. The firm has a 50-day moving average price of $223.62 and a 200 day moving average price of $210.65. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. The firm had revenue of $646.86 million during the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Equities research analysts anticipate that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a dividend of $0.82 per share. The ex-dividend date was Thursday, September 11th. 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 1.4%. Nordson's dividend payout ratio (DPR) is presently 41.21%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. Vertical Research assumed coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price on the stock. KeyCorp lifted their target price on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Robert W. Baird lifted their target price on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $255.75.

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.

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