Advisors Asset Management Inc. Purchases 464 Shares of Nordson Corporation (NDSN)

Advisors Asset Management Inc. raised its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,974 shares of the industrial products company’s stock after acquiring an additional 464 shares during the period. Advisors Asset Management Inc.’s holdings in Nordson were worth $589,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Commerce Bank lifted its stake in Nordson by 7.6% during the 3rd quarter. Commerce Bank now owns 10,285 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 725 shares in the last quarter. Quantbot Technologies LP lifted its stake in Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,507 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Nordson by 4.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 434,341 shares of the industrial products company’s stock valued at $51,470,000 after acquiring an additional 18,338 shares in the last quarter. Ardevora Asset Management LLP lifted its stake in Nordson by 0.7% during the 3rd quarter. Ardevora Asset Management LLP now owns 289,900 shares of the industrial products company’s stock valued at $34,353,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Nordson by 6.6% during the 3rd quarter. Rhumbline Advisers now owns 119,835 shares of the industrial products company’s stock valued at $14,200,000 after acquiring an additional 7,439 shares in the last quarter. Institutional investors and hedge funds own 65.76% of the company’s stock.

In other news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction 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 sale, 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 2.15% of the company’s stock.

Several equities analysts have weighed in on NDSN shares. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. SunTrust Banks restated a “buy” rating and set a $135.00 price objective on shares of Nordson in a research note on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $128.00 price objective on shares of Nordson in a research note on Thursday, August 24th. KeyCorp restated a “buy” rating and set a $145.00 price objective on shares of Nordson in a research note on Thursday, October 12th. Finally, Gabelli upgraded Nordson from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, August 23rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $140.33.

Shares of Nordson Corporation (NDSN) opened at $127.52 on Tuesday. Nordson Corporation has a 12-month low of $103.76 and a 12-month high of $131.49. The stock has a market capitalization of $7,416.92, a price-to-earnings ratio of 23.90, a PEG ratio of 1.48 and a beta of 1.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10.

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Nordson 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.

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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