Robeco Institutional Asset Management B.V. Has $241,000 Stock Position in Nordson Corporation $NDSN

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 31.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,125 shares of the industrial products company’s stock after selling 523 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nordson were worth $241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NDSN. Quarry LP bought a new position in shares of Nordson in the first quarter valued at approximately $28,000. UMB Bank n.a. boosted 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. boosted 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 boosted its holdings in Nordson by 74.8% during the 1st quarter. National Pension Service now owns 201 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 86 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Nordson by 85.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 217 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 1.5%

Shares of NASDAQ NDSN opened at $234.32 on Thursday. 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 firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.75 and a beta of 0.96. The stock has a 50 day moving average price of $222.49 and a 200 day moving average price of $210.05. 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 results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.10. The firm had revenue of $741.51 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter 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 expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a dividend of $0.82 per share. This is an increase from Nordson’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 11th. Nordson’s dividend payout ratio (DPR) is currently 41.21%.

Analysts Set New Price Targets

NDSN has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $240.00 price target on shares of Nordson in a research report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research note on Wednesday. Vertical Research initiated coverage on Nordson in a research note on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price target on the stock. Wolfe Research initiated coverage on Nordson in a research report on Wednesday, June 18th. They set a “peer perform” rating on the stock. Finally, Oppenheimer boosted their price objective on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus target price of $255.75.

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.