World Investment Advisors Purchases New Shares in Nordson Corporation $NDSN

World Investment Advisors purchased a new position in Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 933 shares of the industrial products company’s stock, valued at approximately $200,000.

Other hedge funds also recently bought and sold shares of the company. New York Life Investment Management LLC increased its position in Nordson by 1.4% in the 2nd quarter. New York Life Investment Management LLC now owns 7,368 shares of the industrial products company’s stock worth $1,579,000 after purchasing an additional 101 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Nordson by 3.6% in the second quarter. Teacher Retirement System of Texas now owns 8,212 shares of the industrial products company’s stock worth $1,760,000 after buying an additional 283 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Nordson by 0.3% during the second quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the industrial products company’s stock valued at $56,947,000 after acquiring an additional 700 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Nordson by 35.4% in the second quarter. Nisa Investment Advisors LLC now owns 12,224 shares of the industrial products company’s stock valued at $2,630,000 after acquiring an additional 3,199 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Nordson in the second quarter worth approximately $243,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Oppenheimer boosted their price target on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Robert W. Baird upped their price target on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Finally, DA Davidson set a $285.00 target price on Nordson in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus price target of $255.75.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the completion of the sale, the executive vice president owned 8,605 shares in the company, valued at approximately $1,999,715.95. This trade represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by company insiders.

Nordson Trading Up 1.3%

Shares of NDSN stock opened at $233.30 on Thursday. The firm has a market capitalization of $13.11 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86. The firm’s fifty day simple moving average is $229.16 and its 200 day simple moving average is $216.58. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The firm had revenue of $646.86 million during the quarter. As a group, sell-side analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.82 per share. This is a positive change from Nordson’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, September 11th. Nordson’s dividend payout ratio is presently 41.21%.

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.