111 Capital Makes New Investment in Nordson Corporation $NDSN

111 Capital acquired a new position in Nordson Corporation (NASDAQ:NDSN) in the second quarter, HoldingsChannel reports. The institutional investor acquired 6,444 shares of the industrial products company’s stock, valued at approximately $1,381,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Nordson by 3.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock valued at $540,867,000 after buying an additional 90,704 shares during the period. Invesco Ltd. boosted its stake in 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 during the period. Massachusetts Financial Services Co. MA boosted its stake in 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 during the period. Finally, Raymond James Financial Inc. boosted its position 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 valued at $74,154,000 after purchasing an additional 13,926 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Performance

NDSN stock opened at $233.45 on Friday. The company has a 50-day simple moving average of $221.61 and a 200 day simple moving average of $209.49. The company has a market capitalization of $13.12 billion, a P/E ratio of 29.33, a PEG ratio of 1.76 and a beta of 0.96. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. 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 (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.10. The company had revenue of $741.51 million during the quarter, compared to analyst estimates of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $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 earnings per share for the current fiscal year.

Nordson Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on NDSN shares. Jefferies Financial Group restated a “hold” rating and set a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Robert W. Baird boosted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research note on Saturday, September 27th. Finally, Wolfe Research started coverage on shares of Nordson in a research note on Wednesday, June 18th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.