Machina Capital S.A.S. Takes Position in Nordson Co. (NASDAQ:NDSN)

Posted by Defense World Staff on Jul 12th, 2023

Machina Capital S.A.S. acquired a new stake in Nordson Co. (NASDAQ:NDSN – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 213 shares of the industrial products company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NDSN. Salem Investment Counselors Inc. acquired a new stake in shares of Nordson in the second quarter worth approximately $31,000. Asset Dedication LLC boosted its stake in shares of Nordson by 1,258.3% in the fourth quarter. Asset Dedication LLC now owns 163 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 151 shares during the last quarter. Freedom Wealth Alliance LLC acquired a new stake in shares of Nordson in the fourth quarter worth approximately $58,000. Romano Brothers AND Company acquired a new stake in shares of Nordson in the fourth quarter worth approximately $58,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Nordson in the fourth quarter worth approximately $58,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Price Performance

NASDAQ:NDSN opened at $249.00 on Wednesday. Nordson Co. has a 52 week low of $199.32 and a 52 week high of $251.26. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $14.19 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.06 and a beta of 0.94. The stock’s fifty day moving average is $229.14 and its two-hundred day moving average is $227.55.

Nordson (NASDAQ:NDSN – Get Free Report) last posted its earnings results on Tuesday, May 23rd. The industrial products company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.14. Nordson had a return on equity of 22.40% and a net margin of 19.75%. The company had revenue of $650.17 million for the quarter, compared to the consensus estimate of $638.87 million. During the same quarter in the previous year, the business earned $2.43 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that Nordson Co. will post 9.06 EPS for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Tuesday, May 23rd were issued a $0.65 dividend. The ex-dividend date was Monday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 1.04%. Nordson’s dividend payout ratio is presently 29.18%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NDSN shares. KeyCorp boosted their price objective on Nordson from $255.00 to $270.00 in a research note on Thursday, June 22nd. Loop Capital lowered their price objective on Nordson from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Tuesday, March 21st. StockNews.com raised Nordson from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird boosted their price objective on Nordson from $241.00 to $251.00 in a research note on Wednesday, May 24th.

About Nordson

(Free Report)

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 (IPS); Medical and Fluid Solutions; and Advanced Technology Solutions (ATS).