Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough Sells 87 Shares

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 87 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $261.97, for a total value of $22,791.39. Following the sale, the executive vice president now owns 3,124 shares in the company, valued at approximately $818,394.28. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nordson Price Performance

NASDAQ:NDSN opened at $259.36 on Friday. Nordson Co. has a 52-week low of $222.18 and a 52-week high of $279.38. The stock has a fifty day moving average of $255.62 and a 200 day moving average of $246.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.93 and a beta of 0.90.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price target on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $299.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NDSN. Massachusetts Financial Services Co. MA raised its position in shares of Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after buying an additional 193,421 shares in the last quarter. State Street Corp boosted its holdings in shares of Nordson by 7.2% in the 3rd 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 in the last quarter. Swedbank AB bought a new position in shares of Nordson during the 1st quarter valued at about $48,044,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Nordson by 237.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock valued at $68,049,000 after buying an additional 174,330 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares during the last quarter. Hedge funds and other 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.