Banco Bilbao Vizcaya Argentaria S.A. Raises Stake in Nordson Corporation $NDSN

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Nordson Corporation (NASDAQ:NDSN) by 53.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,830 shares of the industrial products company’s stock after buying an additional 1,692 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Nordson were worth $968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nordson by 86.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock worth $39,000 after buying an additional 89 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 54 shares during the last quarter. National Pension Service lifted its holdings in Nordson by 74.8% during the first quarter. National Pension Service now owns 201 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 86 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Nordson during the fourth quarter valued at about $62,000. Finally, CX Institutional purchased a new stake in Nordson during the first quarter valued at about $67,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 3.3%

NDSN stock opened at $227.17 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $216.63 and its 200 day moving average is $206.77. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89. Nordson Corporation has a 1-year low of $165.03 and a 1-year high of $266.86.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, topping the consensus estimate 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 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 earned $2.41 earnings per share. 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 fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 18th. Nordson’s dividend payout ratio is 39.20%.

Wall Street Analyst Weigh In

Several research firms have commented on NDSN. KeyCorp upped their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday. Vertical Research began coverage on shares of Nordson in a report on Tuesday, June 17th. They set a “hold” rating and a $245.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a report on Friday. Finally, Wolfe Research began coverage on shares of Nordson in a report on Wednesday, June 18th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $255.86.

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.