Insider Selling: Nordson Co. (NASDAQ:NDSN) EVP Sells $22,791.39 in Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 87 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $261.97, for a total transaction of $22,791.39. Following the sale, the executive vice president now owns 3,124 shares of the company’s stock, valued at approximately $818,394.28. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nordson Price Performance

NDSN stock opened at $259.36 on Friday. The company’s 50-day moving average is $255.62 and its 200-day moving average is $246.15. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The stock has a market capitalization of $14.83 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90.

Institutional Investors Weigh In On Nordson

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after purchasing an additional 177,282 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Nordson by 2.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after buying an additional 14,780 shares during the last quarter. American Century Companies Inc. grew its position in Nordson by 2.7% during the second quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock valued at $139,624,000 after buying an additional 15,947 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Nordson by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock worth $113,689,000 after buying an additional 11,809 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.00.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.