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.
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%.
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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.
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