Sei Investments Co. Acquires 10,435 Shares of Nordson Co. (NASDAQ:NDSN)

Sei Investments Co. increased its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NDSN. UMB Bank n.a. boosted its holdings in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after buying an additional 115 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after buying an additional 278 shares in the last quarter. Quarry LP bought a new stake in shares of Nordson in the third quarter worth $109,000. Finally, Generali Asset Management SPA SGR bought a new position in Nordson during the 4th quarter valued at $98,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

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Nordson Stock Performance

NASDAQ:NDSN traded up $2.40 during mid-day trading on Wednesday, hitting $203.35. The stock had a trading volume of 234,721 shares, compared to its average volume of 281,702. The company has a 50 day simple moving average of $212.03 and a 200-day simple moving average of $231.24. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.65 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38.

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

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.53%. Nordson's dividend payout ratio (DPR) is 39.69%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NDSN shares. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson reduced their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and increased their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $256.20.

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.