Stephen Lovass Sells 1,299 Shares of Nordson Co. (NASDAQ:NDSN) Stock

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 1,299 shares of the business’s 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. This trade represents 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 accessible through this hyperlink.

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

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

Nordson Stock Down 1.0 %

Shares of NASDAQ NDSN opened at $200.12 on Friday. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The company has a market capitalization of $11.41 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The firm’s 50-day moving average is $237.86 and its two-hundred day moving average is $243.10.

Nordson (NASDAQ:NDSN) last announced 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. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Nordson Co. will post 10.34 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors 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 dividend yield of 1.56%. The ex-dividend date is Thursday, January 2nd. Nordson’s payout ratio is 38.47%.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Robert W. Baird restated a “neutral” rating and set a $237.00 target price (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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Hedge Funds Weigh In On Nordson

Several institutional investors and hedge funds have recently modified their holdings of NDSN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nordson during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its stake in shares of Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Nordson during the third quarter valued at approximately $53,000. Strategic Financial Concepts LLC purchased a new position in shares of Nordson during the second quarter valued at approximately $60,000. Finally, Covestor Ltd lifted its stake in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors 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.