Wealth Enhancement Advisory Services LLC Has $1.02 Million Stake in Nordson Corporation $NDSN

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,587 shares of the industrial products company’s stock after selling 275 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nordson were worth $1,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NDSN. GAMMA Investing LLC raised its holdings in shares of Nordson by 19,089.3% during the first quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company’s stock worth $28,606,000 after acquiring an additional 141,070 shares during the period. Rhumbline Advisers raised its holdings in shares of Nordson by 12.7% during the first quarter. Rhumbline Advisers now owns 113,886 shares of the industrial products company’s stock worth $22,973,000 after acquiring an additional 12,836 shares during the period. Czech National Bank raised its holdings in shares of Nordson by 5.7% during the first quarter. Czech National Bank now owns 12,456 shares of the industrial products company’s stock worth $2,513,000 after acquiring an additional 677 shares during the period. Portside Wealth Group LLC raised its holdings in shares of Nordson by 6.6% during the first quarter. Portside Wealth Group LLC now owns 1,144 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 71 shares during the period. Finally, Thrive Wealth Management LLC acquired a new stake in shares of Nordson during the first quarter worth $281,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their price target 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. Jefferies Financial Group reiterated a “hold” rating and issued a $240.00 price target on shares of Nordson in a research note on Thursday, August 21st. KeyCorp lifted their price target 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. Oppenheimer lifted their price target on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, Vertical Research assumed coverage on shares of Nordson in a research note on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus target price of $255.75.

Nordson Price Performance

NASDAQ:NDSN opened at $228.55 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $221.10 and its two-hundred day moving average price is $209.17. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 1.72 and a beta of 0.96. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.10. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The firm had revenue of $741.51 million for the quarter, compared to analyst estimates of $724.04 million. During the same quarter in the prior year, the company earned $2.41 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.82 dividend. This is an increase from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. Nordson’s dividend payout ratio (DPR) is currently 41.21%.

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.