Nordson Co. (NDSN) Shares Sold by BB&T Securities LLC

BB&T Securities LLC reduced its position in Nordson Co. (NASDAQ:NDSN) by 32.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,894 shares of the industrial products company’s stock after selling 1,396 shares during the quarter. BB&T Securities LLC’s holdings in Nordson were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Nordson by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 21 shares during the period. D.A. Davidson & CO. boosted its stake in Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares during the period. Teacher Retirement System of Texas boosted its stake in Nordson by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,156 shares of the industrial products company’s stock valued at $504,000 after acquiring an additional 72 shares during the period. State of Wisconsin Investment Board boosted its stake in Nordson by 0.8% in the second quarter. State of Wisconsin Investment Board now owns 11,495 shares of the industrial products company’s stock valued at $1,395,000 after acquiring an additional 90 shares during the period. Finally, Utah Retirement Systems boosted its stake in Nordson by 1.0% in the second quarter. Utah Retirement Systems now owns 10,512 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 100 shares during the period. 65.76% of the stock is owned by hedge funds and other institutional investors.

Nordson Co. (NASDAQ:NDSN) opened at $125.02 on Tuesday. 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 stock has a market capitalization of $7,344.80, a P/E ratio of 23.66, a PEG ratio of 1.47 and a beta of 1.40. Nordson Co. has a 52-week low of $103.76 and a 52-week high of $131.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.96%. Nordson’s dividend payout ratio is presently 23.90%.

NDSN has been the subject of a number of research reports. Zacks Investment Research downgraded Nordson from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. SunTrust Banks restated a “buy” rating and issued a $135.00 target price on shares of Nordson in a research note on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $128.00 price objective on shares of Nordson in a research report on Thursday, August 24th. KeyCorp reiterated a “buy” rating and set a $145.00 price objective on shares of Nordson in a research report on Thursday, October 12th. Finally, Gabelli upgraded Nordson from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $140.33.

In other news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction that occurred on 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 $4,948,985.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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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