Sei Investments Co. Boosts Stock Position in Nordson Co. (NASDAQ:NDSN)

Sei Investments Co. increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,336 shares of the industrial products company’s stock after buying an additional 10,435 shares during the period. Sei Investments Co. owned about 0.12% of Nordson worth $13,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in Nordson by 16.0% during the third quarter. Cerity Partners LLC now owns 14,499 shares of the industrial products company’s stock valued at $3,808,000 after purchasing an additional 1,998 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Nordson by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,876 shares of the industrial products company’s stock valued at $9,685,000 after buying an additional 777 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Nordson in the 3rd quarter worth about $426,000. BNP Paribas Financial Markets increased its stake in Nordson by 20.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 75,490 shares of the industrial products company’s stock worth $19,826,000 after buying an additional 12,847 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in shares of Nordson by 7.0% during the third quarter. Townsquare Capital LLC now owns 11,582 shares of the industrial products company’s stock valued at $3,042,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research analyst reports. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research note on Monday, February 24th. Finally, KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and an average target price of $256.20.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Nordson Stock Performance

Shares of NDSN stock opened at $200.46 on Friday. The stock has a market capitalization of $11.41 billion, a PE ratio of 25.50, a P/E/G ratio of 1.65 and a beta of 0.92. The firm has a 50 day moving average of $213.03 and a two-hundred day moving average of $232.35. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, research analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.56%. Nordson’s payout ratio is currently 39.69%.

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.