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

World Equity Group Inc. acquired a new position in Nordson Co. (NASDAQ:NDSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,112 shares of the industrial products company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Navellier & Associates Inc. raised its stake in Nordson by 15.6% in the 4th quarter. Navellier & Associates Inc. now owns 1,848 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 250 shares in the last quarter. ING Groep NV bought a new stake in shares of Nordson during the 4th quarter worth approximately $1,452,000. Handelsbanken Fonder AB lifted its holdings in shares of Nordson by 8.1% during the 4th quarter. Handelsbanken Fonder AB now owns 14,730 shares of the industrial products company’s stock worth $3,082,000 after acquiring an additional 1,100 shares during the period. Mcdaniel Terry & Co. lifted its holdings in shares of Nordson by 7.8% during the 4th quarter. Mcdaniel Terry & Co. now owns 234,243 shares of the industrial products company’s stock worth $49,013,000 after acquiring an additional 17,004 shares during the period. Finally, Bryn Mawr Capital Management LLC bought a new stake in shares of Nordson during the 4th quarter worth approximately $476,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

NDSN stock opened at $212.80 on Tuesday. The company has a 50 day simple moving average of $213.62 and a 200 day simple moving average of $238.75. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.65 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $639.40 million. Research analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

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

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NDSN. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a report on Monday. Finally, Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and upped their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and an average price target 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.