World Equity Group Inc. Invests $233,000 in Nordson Co. (NASDAQ:NDSN)

World Equity Group Inc. acquired a new position in shares of Nordson Co. (NASDAQ:NDSN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,112 shares of the industrial products company’s stock, valued at approximately $233,000.

Several other large investors also recently modified their holdings of the company. Navellier & Associates Inc. increased its position in shares of Nordson by 15.6% during the fourth quarter. Navellier & Associates Inc. now owns 1,848 shares of the industrial products company’s stock worth $387,000 after buying an additional 250 shares during the period. ING Groep NV acquired a new stake in shares of Nordson during the fourth quarter worth $1,452,000. Handelsbanken Fonder AB increased its position in shares of Nordson by 8.1% during the fourth quarter. Handelsbanken Fonder AB now owns 14,730 shares of the industrial products company’s stock worth $3,082,000 after buying an additional 1,100 shares during the period. Mcdaniel Terry & Co. increased its position in shares of Nordson by 7.8% during the fourth quarter. Mcdaniel Terry & Co. now owns 234,243 shares of the industrial products company’s stock worth $49,013,000 after buying an additional 17,004 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Nordson during the fourth quarter worth $476,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 1.2 %

Nordson stock opened at $212.80 on Tuesday. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. The firm’s fifty day moving average price is $213.62 and its two-hundred day moving average price is $238.75. 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 (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. On average, equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 39.69%.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NDSN has been the topic of several research analyst reports. Robert W. Baird reissued a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson 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 research note on Friday, December 13th. BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research note on Monday. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their target price for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.25.

About Nordson

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.