Nordson Co. (NASDAQ:NDSN) insider Gregory A. Thaxton sold 3,868 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $148.28, for a total value of $573,547.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Nordson Co. (NASDAQ NDSN) traded down $1.23 during trading on Wednesday, hitting $145.66. The stock had a trading volume of 206,863 shares, compared to its average volume of 298,300. Nordson Co. has a one year low of $107.16 and a one year high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a market capitalization of $8,480.00, a P/E ratio of 28.96, a P/E/G ratio of 1.62 and a beta of 1.39.
Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. During the same period in the prior year, the business posted $1.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. equities research analysts predict that Nordson Co. will post 6.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, December 18th. Nordson’s payout ratio is presently 23.86%.
Several research analysts have commented on the company. Barrington Research reissued a “market perform” rating on shares of Nordson in a research note on Tuesday. KeyCorp reissued a “buy” rating and set a $165.00 target price (up previously from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Gabelli downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. SunTrust Banks boosted their target price on Nordson to $166.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, B. Riley reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Nordson in a research note on Wednesday, December 13th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $147.40.
A number of hedge funds have recently made changes to their positions in NDSN. Mckinley Capital Management LLC Delaware bought a new stake in Nordson in the second quarter valued at approximately $104,000. D.A. Davidson & CO. boosted its holdings 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 last quarter. Quantbot Technologies LP boosted its holdings in Nordson by 1,168.2% in the third 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 during the last quarter. Raymond James Trust N.A. bought a new stake in Nordson in the second quarter valued at approximately $210,000. Finally, Bridgewater Associates LP bought a new stake in Nordson in the second quarter valued at approximately $228,000. Institutional investors and hedge funds own 65.67% of the company’s stock.
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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.
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