LVW Advisors LLC Trims Stock Holdings in Nordson Corporation $NDSN

LVW Advisors LLC cut its holdings in Nordson Corporation (NASDAQ:NDSN) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the industrial products company’s stock after selling 281 shares during the quarter. LVW Advisors LLC’s holdings in Nordson were worth $665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDSN. Wealth Enhancement Advisory Services LLC boosted its stake in Nordson by 9.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company’s stock worth $958,000 after purchasing an additional 414 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 89 shares in the last quarter. GAMMA Investing LLC raised its holdings in Nordson by 19,089.3% during the first quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company’s stock valued at $28,606,000 after acquiring an additional 141,070 shares during the period. Legacy Financial Strategies LLC boosted its stake in shares of Nordson by 25.7% in the first quarter. Legacy Financial Strategies LLC now owns 11,676 shares of the industrial products company’s stock worth $2,355,000 after acquiring an additional 2,384 shares during the period. Finally, Rhumbline Advisers raised its stake in Nordson by 12.7% during the 1st quarter. Rhumbline Advisers now owns 113,886 shares of the industrial products company’s stock valued at $22,973,000 after purchasing an additional 12,836 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

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 quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. 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. 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. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The business had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. During the same period last year, the business posted $2.41 EPS. The business’s 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.4%. This is a positive change from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. Nordson’s payout ratio is 41.21%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. Robert W. Baird upped their target price on shares of Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Wolfe Research initiated coverage on Nordson in a research report on Wednesday, June 18th. They issued a “peer perform” rating for the company. KeyCorp raised their price objective on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Finally, Oppenheimer raised their price objective on shares of Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. One investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $255.75.

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.