Uncommon Cents Investing LLC Sells 140 Shares of Nordson Corporation $NDSN

Uncommon Cents Investing LLC lowered its position in Nordson Corporation (NASDAQ:NDSN) by 1.4% in the 2nd quarter, Holdings Channel reports. The fund owned 10,143 shares of the industrial products company’s stock after selling 140 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Nordson were worth $2,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDSN. Wealth Enhancement Advisory Services LLC boosted its stake in Nordson by 9.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company’s stock valued at $958,000 after purchasing an additional 414 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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. GAMMA Investing LLC boosted its stake in shares of Nordson by 19,089.3% in the 1st quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company’s stock worth $28,606,000 after buying an additional 141,070 shares during the last quarter. Legacy Financial Strategies LLC boosted its stake in shares of Nordson by 25.7% in the 1st quarter. Legacy Financial Strategies LLC now owns 11,676 shares of the industrial products company’s stock worth $2,355,000 after buying an additional 2,384 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Nordson by 12.7% in the 1st quarter. Rhumbline Advisers now owns 113,886 shares of the industrial products company’s stock worth $22,973,000 after buying an additional 12,836 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NDSN shares. Wolfe Research started coverage on Nordson in a report on Wednesday, June 18th. They set a “peer perform” rating on the stock. KeyCorp raised their price target on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Robert W. Baird raised their price target on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Jefferies Financial Group reissued a “hold” rating and set a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $255.75.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $227.00 on Friday. The firm has a 50 day moving average of $220.49 and a 200 day moving average of $208.72. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 1.72 and a beta of 0.94. 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 Corporation has a 52 week low of $165.03 and a 52 week high of $266.86.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.10. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The firm had revenue of $741.51 million for the quarter, compared to analyst estimates of $724.04 million. During the same period in the previous year, the company earned $2.41 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, sell-side analysts predict 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. Investors of record on Thursday, September 11th were given a dividend of $0.82 per share. This is a boost from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. Nordson’s payout ratio is currently 41.21%.

Nordson 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.