Mountain Pacific Investment Advisers LLC Has $29.31 Million Stake in Nordson Corporation $NDSN

Mountain Pacific Investment Advisers LLC reduced its holdings in Nordson Corporation (NASDAQ:NDSN) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,730 shares of the industrial products company’s stock after selling 1,034 shares during the period. Nordson accounts for about 2.1% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 18th largest holding. Mountain Pacific Investment Advisers LLC’s holdings in Nordson were worth $29,311,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of 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 last quarter. Confluence Investment Management LLC increased its position in shares of Nordson by 118.5% during the 2nd quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock worth $72,048,000 after purchasing an additional 182,305 shares during the last quarter. Nuveen LLC bought a new stake in shares of Nordson during the 1st quarter worth approximately $29,125,000. Invesco Ltd. boosted its holdings in shares of Nordson by 15.9% in the 1st quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock valued at $210,536,000 after buying an additional 142,991 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 valued at $28,606,000 after buying an additional 141,070 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Up 0.7%

Shares of NASDAQ:NDSN opened at $228.55 on Thursday. The stock has a market cap of $12.84 billion, a PE ratio of 28.71, a P/E/G ratio of 1.72 and a beta of 0.96. 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 12-month low of $165.03 and a 12-month high of $266.86. The business has a 50 day moving average of $221.10 and a 200-day moving average of $209.17.

Nordson (NASDAQ:NDSN) last released 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 return on equity of 19.45% and a net margin of 16.34%.The business had revenue of $741.51 million during the quarter, compared to the consensus estimate of $724.04 million. During the same period in the previous year, the company posted $2.41 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, equities research analysts forecast 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. Shareholders of record on Thursday, September 11th were issued a $0.82 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. This is an increase from Nordson’s previous quarterly dividend of $0.78. Nordson’s payout ratio is presently 41.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NDSN. Vertical Research began coverage on shares of Nordson in a report on Tuesday, June 17th. They set a “hold” rating and a $245.00 target price on the stock. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. KeyCorp boosted their price target on Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, Wolfe Research began coverage on Nordson in a research report on Wednesday, June 18th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.