Nordson Co. (NASDAQ:NDSN) EVP Jeffrey A. Pembroke sold 4,000 shares of Nordson stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $198.70, for a total value of $794,800.00. Following the completion of the sale, the executive vice president now directly owns 28,009 shares in the company, valued at approximately $5,565,388.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Nordson stock opened at $200.05 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.22 and a current ratio of 3.11. Nordson Co. has a 52 week low of $96.46 and a 52 week high of $208.37. The stock has a market capitalization of $11.52 billion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 2.72 and a beta of 1.11. The stock has a fifty day moving average of $194.50 and a 200-day moving average of $171.58.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.08. Nordson had a return on equity of 19.95% and a net margin of 15.54%. The company had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $503.36 million. During the same quarter in the previous year, the firm earned $1.62 EPS. Nordson’s revenue was down 3.8% on a year-over-year basis. On average, research analysts forecast that Nordson Co. will post 5.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, August 24th. This is a boost from Nordson’s previous quarterly dividend of $0.38. Nordson’s dividend payout ratio is presently 26.58%.
NDSN has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Nordson from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Oppenheimer restated a “hold” rating on shares of Nordson in a research note on Wednesday, August 19th. BidaskClub upgraded Nordson from a “sell” rating to a “hold” rating in a research report on Tuesday. DA Davidson upped their target price on Nordson from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Berenberg Bank assumed coverage on Nordson in a research report on Friday, June 5th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Nordson has a consensus rating of “Hold” and a consensus price target of $189.83.
Institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Management Co. Ltd increased its holdings in Nordson by 110.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 198 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Group One Trading L.P. increased its holdings in Nordson by 2,000.0% in the 1st quarter. Group One Trading L.P. now owns 210 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Fred Alger Management LLC increased its holdings in Nordson by 343.6% in the 1st quarter. Fred Alger Management LLC now owns 417 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 323 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Nordson in the 1st quarter worth about $61,000. Finally, Meeder Asset Management Inc. increased its holdings in Nordson by 3,850.0% in the 1st quarter. Meeder Asset Management Inc. now owns 474 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 462 shares in the last quarter. 70.67% of the stock is owned by institutional investors and hedge funds.
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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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