Ameriprise Financial Inc. decreased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,570 shares of the industrial products company’s stock after selling 2,096 shares during the period. Ameriprise Financial Inc. owned 0.27% of Nordson worth $18,672,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NDSN. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Nordson during the second quarter worth $104,000. D.A. Davidson & CO. boosted its holdings in shares of Nordson by 2.3% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 22 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Nordson by 1.5% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 21 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Nordson by 1,168.2% during the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Opus Capital Group LLC acquired a new stake in shares of Nordson during the second quarter worth $208,000. 65.76% of the stock is owned by institutional investors.

In related news, VP James E. Devries sold 5,000 shares of Nordson 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 transaction, the vice president now owns 41,937 shares in the company, valued at $4,948,985.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.15% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the company. SunTrust Banks restated a “buy” rating and set a $135.00 price objective on shares of Nordson in a report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $145.00 price objective on shares of Nordson in a report on Sunday, November 19th. Zacks Investment Research cut Nordson from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. B. Riley restated a “buy” rating on shares of Nordson in a report on Wednesday, November 1st. 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 issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $140.33.

Nordson Co. (NASDAQ NDSN) opened at $125.02 on Tuesday. Nordson Co. has a fifty-two week low of $103.76 and a fifty-two week high of $131.49. The firm has a market capitalization of $7,344.80, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.47 and a beta of 1.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.47.

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, December 18th. Nordson’s payout ratio is currently 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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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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