Royce & Associates LP Has $37.83 Million Position in Nordson Corporation (NDSN)

Royce & Associates LP reduced its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,265 shares of the industrial products company’s stock after selling 23,131 shares during the quarter. Royce & Associates LP owned approximately 0.55% of Nordson worth $37,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NDSN. Bank of Montreal Can lifted its stake in shares of Nordson by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 13,753 shares of the industrial products company’s stock worth $1,667,000 after purchasing an additional 1,120 shares during the last quarter. US Bancorp DE lifted its stake in shares of Nordson by 4.5% during the 2nd quarter. US Bancorp DE now owns 7,610 shares of the industrial products company’s stock worth $924,000 after purchasing an additional 326 shares during the last quarter. World Asset Management Inc lifted its stake in shares of Nordson by 6.8% during the 2nd quarter. World Asset Management Inc now owns 4,124 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 263 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Nordson by 147.1% during the 2nd quarter. Sei Investments Co. now owns 62,171 shares of the industrial products company’s stock worth $7,542,000 after purchasing an additional 37,009 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake 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 worth $171,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 65.76% of the company’s stock.

Nordson Corporation (NASDAQ:NDSN) opened at $127.22 on Friday. Nordson Corporation has a 1 year low of $103.76 and a 1 year high of $131.49. The stock has a market capitalization of $7,290.00, a PE ratio of 23.46, a P/E/G ratio of 1.45 and a beta of 1.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, December 18th. Nordson’s dividend payout ratio is currently 24.00%.

NDSN has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $138.00 target price on shares of Nordson in a research report on Wednesday, October 4th. FBR & Co set a $160.00 target price on Nordson and gave the company a “buy” rating in a research report on Monday, September 11th. KeyCorp reaffirmed a “buy” rating and set a $145.00 target price on shares of Nordson in a research report on Sunday, November 19th. BidaskClub lowered Nordson from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, B. Riley reaffirmed a “buy” rating on shares of Nordson in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Nordson has an average rating of “Buy” and an average price target of $140.33.

In related news, VP James E. Devries sold 5,000 shares of the company’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 transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.15% of the company’s stock.

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About Nordson

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.

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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