Sei Investments Co. Raises Stake in Nordson Corporation $NDSN

Key Points

• Sei Investments Co. increased its stake in Nordson Corporation by 3.4%, acquiring an additional 2,241 shares, bringing its total ownership to 68,577 shares, valued at approximately $14.27 million.
• Analysts have a consensus rating of "Moderate Buy" for Nordson, with an average target price of $254.86; several firms have recently raised their price targets for the stock.
• Nordson announced a quarterly dividend of $0.78 per share, with a yield of 1.4% and a payout ratio of 40.10% as of the most recent quarter.

Sei Investments Co. grew its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 68,577 shares of the industrial products company's stock after acquiring an additional 2,241 shares during the period. Sei Investments Co. owned about 0.12% of Nordson worth $14,274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NDSN. Harbour Investments Inc. increased its position in shares of Nordson by 36.7% in the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 54 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Nordson by 2.2% in the 1st quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company's stock valued at $553,000 after purchasing an additional 58 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Nordson by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock valued at $486,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP increased its position in shares of Nordson by 0.6% in the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company's stock valued at $2,146,000 after purchasing an additional 69 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in shares of Nordson by 1.6% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 4,381 shares of the industrial products company's stock valued at $884,000 after purchasing an additional 71 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Performance

Nordson stock traded down $2.81 during midday trading on Wednesday, hitting $214.69. 75,806 shares of the company's stock were exchanged, compared to its average volume of 370,324. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. The firm's 50 day simple moving average is $216.45 and its 200 day simple moving average is $206.63.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.06. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The company had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same period last year, the firm posted $2.34 EPS. Nordson's revenue for the quarter was up 5.0% on a year-over-year basis. Nordson has set its Q3 2025 guidance at 2.550-2.750 EPS. Equities research analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Nordson's dividend payout ratio (DPR) is presently 40.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NDSN shares. Vertical Research started coverage on shares of Nordson in a research report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective on the stock. Wall Street Zen cut shares of Nordson from a "buy" rating to a "hold" rating in a report on Friday, June 27th. KeyCorp upped their target price on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wolfe Research assumed coverage on shares of Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Finally, Robert W. Baird upped their target price on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Nordson presently has an average rating of "Moderate Buy" and an average target price of $254.86.

Nordson Company 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.