Clark & Stuart Inc Boosts Holdings in Nordson Corporation $NDSN

Clark & Stuart Inc raised its position in Nordson Corporation (NASDAQ:NDSN) by 6.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,412 shares of the industrial products company’s stock after buying an additional 1,300 shares during the quarter. Nordson comprises about 3.6% of Clark & Stuart Inc’s holdings, making the stock its 11th largest position. Clark & Stuart Inc’s holdings in Nordson were worth $4,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NDSN. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Nordson by 3.5% during the first 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 purchasing an additional 90,704 shares in the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 142,991 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 purchasing an additional 621,734 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 buying an additional 11,287 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Nordson by 3.9% in 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 buying an additional 13,926 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NDSN. Wolfe Research assumed coverage on Nordson in a report on Wednesday, June 18th. They set a “peer perform” rating on the stock. Vertical Research assumed 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. KeyCorp raised their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $255.75.

Nordson Stock Performance

NASDAQ:NDSN opened at $234.12 on Tuesday. 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 company has a market capitalization of $13.16 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The firm has a 50-day moving average price of $221.91 and a two-hundred day moving average price of $209.73. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results 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 net margin of 16.34% and a return on equity of 19.45%. The company had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The company’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. As a group, research analysts expect that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a dividend of $0.82 per share. 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. This represents a $3.28 annualized dividend and a yield of 1.4%. Nordson’s dividend payout ratio (DPR) is 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.