Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 12,142 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $149.98, for a total value of $1,821,057.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Nordson Co. (NDSN) traded up $0.50 during mid-day trading on Thursday, hitting $144.22. The stock had a trading volume of 197,843 shares, compared to its average volume of 261,047. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market cap of $8,366.83, a P/E ratio of 26.95, a P/E/G ratio of 1.56 and a beta of 1.39. Nordson Co. has a one year low of $107.16 and a one year high of $151.84.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. analysts predict that Nordson Co. will post 6.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is currently 23.62%.
A number of brokerages have commented on NDSN. BidaskClub lowered Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Barrington Research reiterated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. KeyCorp reiterated a “buy” rating and issued a $165.00 price objective (up from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. SunTrust Banks increased their price objective on Nordson to $166.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Gabelli lowered Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $147.40.
Hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Nordson in the 2nd quarter valued at $104,000. D.A. Davidson & CO. raised its stake in Nordson by 2.3% during the 2nd 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 during the period. Capital Asset Advisory Services LLC acquired a new stake in Nordson during the 4th quarter worth $234,000. Quantbot Technologies LP raised 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 worth $193,000 after buying an additional 1,507 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in Nordson during the 2nd quarter worth $210,000. 65.76% of the stock is currently owned by institutional investors.
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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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