Insider Selling: Nordson Co. (NASDAQ:NDSN) EVP Sells 225 Shares of Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nordson Trading Down 1.4 %

Shares of Nordson stock opened at $257.61 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The firm has a market capitalization of $14.73 billion, a PE ratio of 31.38, a P/E/G ratio of 1.94 and a beta of 0.90. The firm’s 50-day moving average price is $254.08 and its 200 day moving average price is $246.86.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same quarter last year, the business posted $2.35 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Nordson Co. will post 9.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Nordson

A number of hedge funds have recently modified their holdings of NDSN. Ashton Thomas Private Wealth LLC purchased a new stake in Nordson during the 2nd quarter valued at about $27,000. Tortoise Investment Management LLC lifted its position in Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after buying an additional 58 shares in the last quarter. Blue Trust Inc. boosted its stake in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after buying an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Nordson in the 2nd quarter valued at $46,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Nordson in the 1st quarter worth $55,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nordson Company Profile

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.