Engineers Gate Manager LP bought a new position in shares of Nordson Co. (NASDAQ:NDSN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,915 shares of the industrial products company’s stock, valued at approximately $464,000.
Other large investors have also modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Nordson during the second quarter worth $104,000. D.A. Davidson & CO. increased its holdings in shares of Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 22 shares during the period. IFP Advisors Inc increased its holdings in shares of Nordson by 1.5% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 21 shares during the period. Quantbot Technologies LP increased its holdings in shares of Nordson by 1,168.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,507 shares during the period. Finally, Opus Capital Group LLC acquired a new stake in shares of Nordson in the 2nd quarter worth about $208,000. 65.76% of the stock is currently owned by institutional investors.
Nordson Co. (NASDAQ:NDSN) opened at $144.80 on Friday. Nordson Co. has a 12-month low of $107.16 and a 12-month high of $150.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.47 and a current ratio of 1.37. The firm has a market cap of $8,410.00, a PE ratio of 26.79, a PEG ratio of 1.62 and a beta of 1.39.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, December 18th. Nordson’s dividend payout ratio is presently 23.62%.
In other Nordson news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the completion of the sale, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is currently owned by corporate insiders.
NDSN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Nordson from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Tuesday, October 24th. FBR & Co set a $160.00 price objective on shares of Nordson and gave the stock a “buy” rating in a report on Monday, September 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Nordson in a report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Nordson in a report on Thursday, October 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Nordson in a report on Wednesday, October 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Nordson currently has an average rating of “Buy” and an average target price of $145.40.
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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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