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

Nordson Co. (NASDAQ:NDSN - Get Free Report) 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 - Get Free Report) 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


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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.

Get Our Latest Research Report on Nordson

Nordson Company Profile

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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.

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