Insider Selling: Nordson Co. (NASDAQ:NDSN) EVP Sells 1,299 Shares of Stock

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 1,299 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stephen Lovass also recently made the following trade(s):

• On Monday, December 2nd, Stephen Lovass sold 317 shares of Nordson stock. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $202.09 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson Co. has a fifty-two week low of $201.82 and a fifty-two week high of $279.38. The business has a 50 day moving average price of $238.77 and a two-hundred day moving average price of $243.39. The firm has a market cap of $11.52 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. Sell-side analysts expect that Nordson Co. will post 10.34 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 2nd. Nordson’s payout ratio is currently 38.47%.

Analyst Ratings Changes

A number of analysts have recently issued reports on NDSN shares. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NDSN. State Street Corp lifted its stake in Nordson by 7.2% during 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 boosted its holdings in shares of Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after buying an additional 68,810 shares during the period. Geode Capital Management LLC grew its position in shares of Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after buying an additional 14,780 shares during the last quarter. American Century Companies Inc. raised its stake 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 worth $139,624,000 after acquiring an additional 15,947 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after acquiring an additional 48,720 shares during the period. Institutional investors own 72.11% of the company’s stock.

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.