Jane Street Group LLC raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 361.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,916 shares of the industrial products company’s stock after purchasing an additional 10,119 shares during the period. Jane Street Group LLC’s holdings in Nordson were worth $1,531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware acquired a new position 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% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares in the last quarter. IFP Advisors Inc increased 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 buying an additional 21 shares in the last quarter. Quantbot Technologies LP increased 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 buying an additional 1,507 shares in the last quarter. Finally, Opus Capital Group LLC acquired a new position in shares of Nordson during the second quarter worth $208,000. Institutional investors and hedge funds own 65.76% of the company’s stock.

Shares of Nordson Co. (NASDAQ:NDSN) opened at $127.31 on Monday. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Nordson Co. has a one year low of $103.76 and a one year high of $131.49. The firm has a market cap 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.94%. Nordson’s dividend payout ratio is 23.90%.

In related news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $118.01, for a total value of $590,050.00. Following the sale, the vice president now owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.15% of the company’s stock.

NDSN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “buy” rating and set a $140.00 price target for the company in a report on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and set a $145.00 price target on shares of Nordson in a report on Thursday, October 12th. FBR & Co set a $160.00 price target on shares of Nordson and gave the stock a “buy” rating in a report on Monday, September 11th. Gabelli upgraded shares of Nordson from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of 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 stock. The stock presently has an average rating of “Buy” and an average target price of $140.33.

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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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