10 S&P 500 Dividend Aristocrats To Avoid

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8. Nordson Corporation (NASDAQ:NDSN)

Number of Hedge Fund Holders: 25

An American manufacturing company, Nordson Corporation (NASDAQ:NDSN) has been raising its dividends for 59 years running. The company pays a quarterly dividend of $0.65 per share and has a dividend yield of 1.18%. It is among the dividend aristocrat stocks on our list.

Baird raised its price target on Nordson Corporation (NASDAQ:NDSN) to $251 in May with an Outperform rating on the shares, following the company’s Q2 earnings beat.

At the end of March 2023, 25 hedge funds owned stakes in Nordson Corporation (NASDAQ:NDSN), the same as in the previous quarter, as per Insider Monkey’s data. These stakes are valued at over $161.4 million collectively.

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