Nordson Corporation $NDSN Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,260 shares of the industrial products company’s stock after purchasing an additional 9,679 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.45% of Nordson worth $51,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in Nordson by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 67 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Nordson by 18.7% during the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company’s stock valued at $535,000 after acquiring an additional 418 shares in the last quarter. Amalgamated Bank raised its stake in Nordson by 1.2% during the 1st quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company’s stock valued at $2,153,000 after acquiring an additional 127 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Nordson during the 1st quarter valued at $1,599,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Nordson by 6.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company’s stock valued at $981,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Down 2.1%

NASDAQ:NDSN opened at $223.17 on Monday. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.69 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 current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average price is $219.23 and its 200 day moving average price is $207.62.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.10. The firm had revenue of $741.51 million for 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, sell-side analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on NDSN shares. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. KeyCorp lifted 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. Robert W. Baird boosted their price objective on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Finally, Wolfe Research started coverage on Nordson in a research note on Wednesday, June 18th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.