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

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Nordson Stock Performance

Shares of NDSN opened at $256.56 on Friday. The company’s 50 day simple moving average is $254.46 and its 200-day simple moving average is $247.01. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38. The firm has a market cap of $14.67 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. 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 (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) 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 firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter in the previous year, the firm posted $2.35 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Nordson Co. will post 9.55 EPS for the current year.

Institutional Investors Weigh In On Nordson

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

Analysts Set New Price Targets

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

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.