Nordson Co. (NASDAQ:NDSN) EVP Sells $59,010.75 in Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nordson Stock Down 1.0 %

Shares of NASDAQ:NDSN opened at $256.56 on Friday. The business has a 50-day moving average price of $254.46 and a 200 day moving average price of $247.01. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.92 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter last year, the company posted $2.35 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Nordson Co. will post 9.55 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Nordson

Several hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Nordson by 6.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,332 shares of the industrial products company’s stock valued at $1,738,000 after purchasing an additional 405 shares in the last quarter. SG Americas Securities LLC raised its position in Nordson by 80.8% in the 1st quarter. SG Americas Securities LLC now owns 5,680 shares of the industrial products company’s stock valued at $1,559,000 after purchasing an additional 2,539 shares in the last quarter. Swiss National Bank boosted its stake in shares of Nordson by 1.1% in the 1st quarter. Swiss National Bank now owns 162,200 shares of the industrial products company’s stock valued at $44,530,000 after buying an additional 1,800 shares during the period. Headlands Technologies LLC acquired a new position in shares of Nordson during the first quarter worth about $55,000. Finally, QRG Capital Management Inc. increased its stake in shares of Nordson by 8.8% during the first quarter. QRG Capital Management Inc. now owns 1,271 shares of the industrial products company’s stock worth $349,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

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.