American Century Companies Inc. Purchases 15,947 Shares of Nordson Co. (NASDAQ:NDSN)

American Century Companies Inc. lifted its position in Nordson Co. (NASDAQ:NDSN) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,984 shares of the industrial products company’s stock after acquiring an additional 15,947 shares during the quarter. American Century Companies Inc. owned 1.05% of Nordson worth $139,624,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nordson in the 2nd quarter worth about $27,000. Tortoise Investment Management LLC lifted its holdings in Nordson by 70.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after buying an additional 58 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Nordson during the 2nd quarter valued at about $46,000. Headlands Technologies LLC bought a new stake in Nordson during the 1st quarter valued at about $55,000. Finally, UMB Bank n.a. lifted its holdings in Nordson by 2,387.5% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after buying an additional 191 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 0.1 %

NASDAQ NDSN opened at $248.24 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.97 and a beta of 0.90. The company’s 50-day simple moving average is $242.67 and its two-hundred day simple moving average is $250.47. Nordson Co. has a one year low of $208.91 and a one year high of $279.38.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same quarter last year, the firm posted $2.35 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts forecast that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is presently 37.19%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. DA Davidson decreased their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.40.

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.