USA Financial Formulas Makes New $161,000 Investment in Nordson Corporation $NDSN

USA Financial Formulas bought a new position in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 752 shares of the industrial products company’s stock, valued at approximately $161,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in shares of Nordson in the 1st quarter worth $28,000. UMB Bank n.a. increased its holdings in shares of Nordson by 96.3% in the 2nd quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Nordson by 36.7% in the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 54 shares in the last quarter. National Pension Service increased its holdings in shares of Nordson by 74.8% in the 1st quarter. National Pension Service now owns 201 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 86 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Nordson by 85.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 217 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 100 shares during the period. Institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer lifted their price objective on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Wolfe Research assumed coverage on Nordson in a report on Wednesday, June 18th. They issued a “peer perform” rating for the company. Robert W. Baird lifted their price objective on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. KeyCorp lifted their price objective on Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.75.

Nordson Price Performance

NASDAQ NDSN opened at $232.25 on Friday. The company has a market capitalization of $13.05 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. 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 business’s fifty day moving average is $221.36 and its 200 day moving average is $209.32. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.10. The company had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.Nordson’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous 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 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were given a $0.82 dividend. The ex-dividend date 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 dividend yield of 1.4%. Nordson’s dividend payout ratio (DPR) is presently 41.21%.

Nordson Company Profile

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.