Sei Investments Co. Has $12.73 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Sei Investments Co. boosted its position in Nordson Co. (NASDAQ:NDSN) by 1.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 54,863 shares of the industrial products company’s stock after acquiring an additional 695 shares during the quarter. Sei Investments Co.’s holdings in Nordson were worth $12,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama grew its position in shares of Nordson by 0.3% in the first quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock valued at $3,288,000 after purchasing an additional 40 shares during the last quarter. Everpar Advisors LLC grew its holdings in Nordson by 2.1% in the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after buying an additional 42 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Nordson by 0.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,183 shares of the industrial products company’s stock worth $1,633,000 after buying an additional 47 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Nordson by 0.6% during the second quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company’s stock worth $1,792,000 after buying an additional 49 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Nordson by 0.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,582 shares of the industrial products company’s stock valued at $1,759,000 after acquiring an additional 55 shares during the period. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.00.

Nordson Trading Up 0.3 %

Nordson stock opened at $261.66 on Friday. The business has a 50 day moving average price of $247.53 and a two-hundred day moving average price of $249.76. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.33 by $0.08. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. Nordson’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $2.35 earnings per share. As a group, equities analysts forecast that Nordson Co. will post 9.55 EPS for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.78 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a yield of 1.19%. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is presently 37.19%.

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.