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 firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Nordson Stock Down 1.6 %

Nordson stock opened at $202.09 on Friday. The firm has a 50 day moving average price of $237.86 and a 200-day moving average price of $243.10. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson Co. has a twelve month low of $201.82 and a twelve month high of $279.38. The company has a market capitalization of $11.52 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.70 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.46 earnings per share. As a group, equities analysts predict that Nordson Co. will post 10.34 EPS for the current 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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 2nd. Nordson’s dividend payout ratio is currently 38.47%.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDSN. Procyon Advisors LLC raised its position in shares of Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC raised its holdings in Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 39 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of Nordson by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 42 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Nordson by 3.5% in the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of research reports. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson reduced their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Nordson currently has an average rating of “Moderate Buy” and an average price target of $279.00.

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.