Sepio Capital LP Has $857,000 Position in Nordson Co. (NASDAQ:NDSN)

Sepio Capital LP cut its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,697 shares of the industrial products company’s stock after selling 60 shares during the period. Sepio Capital LP’s holdings in Nordson were worth $857,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NDSN. Public Employees Retirement Association of Colorado increased its stake in shares of Nordson by 1,579.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock worth $91,762,000 after purchasing an additional 326,690 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after purchasing an additional 193,421 shares during the last quarter. Swedbank AB acquired a new position in shares of Nordson during the 1st quarter worth about $48,044,000. Price T Rowe Associates Inc. MD increased its stake in shares of Nordson by 237.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new position in shares of Nordson during the 1st quarter worth about $42,894,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.00.

Nordson Trading Up 0.3 %

Shares of NASDAQ:NDSN opened at $261.66 on Friday. The stock has a market cap of $14.99 billion, a PE ratio of 31.19, a P/E/G ratio of 2.06 and a beta of 0.90. 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 business has a 50 day moving average of $247.53 and a 200-day moving average of $249.66.

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

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued 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 an increase from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is currently 37.19%.

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.