Retirement Stock Portfolio: 5 Safe Dividend Stocks To Consider

3. Nordson Corporation (NASDAQ:NDSN)

Number of Hedge Fund Holders: 34     

Consecutive Years of Dividend Growth: 58   

Forward Dividend Yield: 0.83%   

Investment advisors like Wells Fargo and DA Davidson have recently raised the price targets on Nordson Corporation (NASDAQ:NDSN) stock, evidence of the rapidly improving economic environment for industrial companies. Baird has termed valuations in the sector “attractive” in both absolute and relative terms. Baird noted that 2022 would prove to be a healthy growth-driven year for industrial firms. 

Nordson Corporation (NASDAQ:NDSN) beat market expectations on earnings per share and revenue in the third fiscal quarter. The operating profit over the period was $188 million, up 57% year-on-year. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Nordson Corporation (NASDAQ:NDSN) with 331,534 shares worth more than $72 million.