Nationwide Fund Advisors decreased its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,613 shares of the industrial products company’s stock after selling 5,279 shares during the period. Nationwide Fund Advisors owned about 0.15% of Nordson worth $10,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $104,000. D.A. Davidson & CO. lifted its position in shares of Nordson by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Nordson by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares in the last quarter. Opus Capital Group LLC purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $208,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 65.76% of the company’s stock.
In related news, VP James E. Devries sold 5,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.15% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.95%. Nordson’s dividend payout ratio is currently 23.90%.
A number of research analysts have recently issued reports on the company. KeyCorp reiterated a “buy” rating and set a $145.00 target price on shares of Nordson in a research report on Sunday, November 19th. B. Riley reiterated a “buy” rating on shares of Nordson in a research report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and set a $135.00 target price on shares of Nordson in a research report on Friday, October 27th. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Tuesday, October 24th. Finally, Robert W. Baird reiterated a “hold” rating and set a $138.00 target price on shares of Nordson in a research report on Wednesday, October 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $140.33.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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