Navellier & Associates Inc. Buys 250 Shares of Nordson Co. (NASDAQ:NDSN)

Navellier & Associates Inc. grew its stake in Nordson Co. (NASDAQ:NDSN) by 15.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,848 shares of the industrial products company’s stock after purchasing an additional 250 shares during the period. Navellier & Associates Inc.’s holdings in Nordson were worth $387,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after purchasing an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after purchasing an additional 61,430 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after purchasing an additional 15,524 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Nordson by 47.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after purchasing an additional 5,046 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NDSN. DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.33.

Nordson Trading Down 1.4 %

NDSN opened at $215.44 on Monday. The stock’s fifty day moving average is $213.85 and its two-hundred day moving average is $238.91. The company has a market capitalization of $12.30 billion, a P/E ratio of 27.41, a PEG ratio of 1.65 and a beta of 0.95. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a quick ratio of 1.51, a current ratio of 2.53 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 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.45%. Nordson’s payout ratio is currently 39.69%.

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.