Great West Life Assurance Co. Can Sells 1,404 Shares of Nordson Corporation (NDSN)

Great West Life Assurance Co. Can cut its stake in Nordson Corporation (NASDAQ:NDSN) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,106 shares of the industrial products company’s stock after selling 1,404 shares during the quarter. Great West Life Assurance Co. Can owned about 0.07% of Nordson worth $4,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Nordson by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock worth $9,601,000 after acquiring an additional 1,751 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Nordson by 4.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 416,003 shares of the industrial products company’s stock worth $50,471,000 after purchasing an additional 19,044 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Nordson by 44.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,298 shares of the industrial products company’s stock worth $3,190,000 after purchasing an additional 8,039 shares during the period. FMR LLC grew its holdings in shares of Nordson by 26.9% during the 2nd quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock worth $55,283,000 after purchasing an additional 96,598 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Nordson by 16.5% during the 2nd quarter. Pacer Advisors Inc. now owns 7,374 shares of the industrial products company’s stock worth $895,000 after purchasing an additional 1,047 shares during the period. 65.76% of the stock is owned by institutional investors and hedge funds.

In related news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the completion of the transaction, the vice president now directly owns 41,937 shares in the company, valued at approximately $4,948,985.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.15% of the company’s stock.

NDSN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 price target for the company in a report on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and set a $145.00 price target on shares of Nordson in a report on Thursday, October 12th. FBR & Co set a $160.00 price target on Nordson and gave the stock a “buy” rating in a report on Monday, September 11th. Gabelli upgraded Nordson from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, August 23rd. Finally, BidaskClub cut Nordson from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $140.33.

Nordson Corporation (NASDAQ NDSN) opened at $127.31 on Friday. Nordson Corporation has a twelve month low of $103.76 and a twelve month high of $131.49. The company has a market capitalization of $7,292.88, a PE ratio of 23.50, a P/E/G ratio of 1.46 and a beta of 1.40. The company has a current ratio of 2.10, a quick ratio of 1.47 and a debt-to-equity ratio of 1.45.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, December 18th. Nordson’s dividend payout ratio (DPR) is 23.90%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/12/09/great-west-life-assurance-co-can-sells-1404-shares-of-nordson-corporation-ndsn.html.

Nordson Company Profile

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.

Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Corporation (NASDAQ:NDSN).

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

Receive News & Ratings for Nordson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply