Sei Investments Co. decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 138,774 shares of the industrial products company’s stock after selling 1,054 shares during the period. Sei Investments Co.’s holdings in Nordson were worth $20,316,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of NDSN. PNC Financial Services Group Inc. lifted its holdings in shares of Nordson by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 146 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Nordson by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock valued at $9,601,000 after acquiring an additional 1,751 shares in the last quarter. Albert D Mason Inc. lifted its holdings in shares of Nordson by 36.6% during the 3rd quarter. Albert D Mason Inc. now owns 8,838 shares of the industrial products company’s stock valued at $1,047,000 after acquiring an additional 2,370 shares in the last quarter. Fisher Asset Management LLC acquired a new position in shares of Nordson during the 3rd quarter valued at $245,000. Finally, Oakbrook Investments LLC acquired a new position in shares of Nordson during the 3rd quarter valued at $240,000. Institutional investors and hedge funds own 65.55% of the company’s stock.
NDSN has been the topic of several recent research reports. SunTrust Banks restated a “buy” rating and set a $135.00 target price on shares of Nordson in a report on Friday, October 27th. Zacks Investment Research lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. B. Riley restated a “buy” rating and set a $160.00 target price on shares of Nordson in a report on Wednesday, December 13th. BidaskClub lowered shares of Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, KeyCorp restated a “buy” rating and set a $165.00 target price (up previously from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $147.40.
Nordson Co. (NASDAQ:NDSN) opened at $138.89 on Friday. Nordson Co. has a 1-year low of $107.16 and a 1-year high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market cap of $8,029.23, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. During the same quarter in the previous year, the business posted $1.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. equities analysts expect that Nordson Co. will post 6.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.86%. Nordson’s dividend payout ratio is currently 23.62%.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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