Nordson Co. (NASDAQ:NDSN) VP Joseph Stockunas sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $146.13, for a total value of $730,650.00. Following the completion of the sale, the vice president now owns 14,933 shares in the company, valued at approximately $2,182,159.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Nordson Co. (NASDAQ NDSN) opened at $148.46 on Friday. Nordson Co. has a 52-week low of $107.16 and a 52-week high of $151.84. 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 company has a market capitalization of $8,513.43, a PE ratio of 29.22, a P/E/G ratio of 1.60 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 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 company had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. During the same quarter in the prior year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. research analysts forecast that Nordson Co. will post 6.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is currently 23.62%.
A number of hedge funds have recently bought and sold shares of NDSN. Mckinley Capital Management LLC Delaware acquired a new position in Nordson during the 2nd quarter worth approximately $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. 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. Raymond James Trust N.A. acquired a new position in Nordson during the 2nd quarter worth approximately $210,000. Finally, Bridgewater Associates LP acquired a new position in Nordson during the 2nd quarter worth approximately $228,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on NDSN shares. KeyCorp restated a “buy” rating and set a $145.00 target price on shares of Nordson in a research report on Sunday, November 19th. B. Riley restated a “buy” rating on shares of Nordson in a research report on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and set a $135.00 target price on shares of Nordson in a research report on Friday, October 27th. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Tuesday, October 24th. Finally, BidaskClub lowered Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $147.40.
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Nordson Company Profile
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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