Farther Finance Advisors LLC Has $109,000 Position in Nordson Corporation $NDSN

Farther Finance Advisors LLC lowered its stake in Nordson Corporation (NASDAQ:NDSN) by 34.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509 shares of the industrial products company’s stock after selling 270 shares during the period. Farther Finance Advisors LLC’s holdings in Nordson were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings 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 acquiring an additional 90,704 shares during the period. Invesco Ltd. grew its holdings in Nordson by 15.9% during the 1st quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock worth $210,536,000 after acquiring an additional 142,991 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Nordson by 156.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock worth $205,685,000 after acquiring an additional 621,734 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Nordson by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 470,997 shares of the industrial products company’s stock worth $95,010,000 after acquiring an additional 11,287 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Nordson by 3.9% during the 1st quarter. Raymond James Financial Inc. now owns 367,609 shares of the industrial products company’s stock worth $74,154,000 after acquiring an additional 13,926 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Up 0.5%

Shares of NDSN stock opened at $233.45 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. The firm’s 50-day moving average is $221.61 and its 200-day moving average is $209.49. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.76 and a beta of 0.96. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $266.86.

Nordson (NASDAQ:NDSN) last issued its 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. The company had revenue of $741.51 million for the quarter, compared to analysts’ expectations of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Nordson’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. Sell-side analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 11th. This is a positive change from Nordson’s previous quarterly dividend of $0.78. Nordson’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

NDSN has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Vertical Research initiated coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price target for the company. Jefferies Financial Group reissued a “hold” rating and issued a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.