Insider Selling: Nordson Co. (NDSN) VP Sells 5,000 Shares of Stock

Nordson Co. (NASDAQ:NDSN) VP Joseph Stockunas sold 5,000 shares of Nordson stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $146.13, for a total value of $730,650.00. Following the completion of the transaction, the vice president now directly owns 14,933 shares of the company’s stock, valued at $2,182,159.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Nordson Co. (NASDAQ NDSN) traded up $1.03 during trading hours on Friday, reaching $148.46. The company’s stock had a trading volume of 163,835 shares, compared to its average volume of 266,237. The company has a market cap of $8,510.00, a PE ratio of 29.51, a P/E/G ratio of 1.62 and a beta of 1.39. Nordson Co. has a 12-month low of $107.16 and a 12-month high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. sell-side analysts expect that Nordson Co. will post 6.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. Nordson’s payout ratio is currently 23.86%.

Several analysts have weighed in on NDSN shares. SunTrust Banks reissued a “buy” rating and set a $135.00 price objective on shares of Nordson in a report on Friday, October 27th. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reissued a “hold” rating and set a $138.00 price objective on shares of Nordson in a report on Wednesday, October 4th. KeyCorp reissued a “buy” rating and set a $145.00 price objective on shares of Nordson in a report on Thursday, October 12th. Finally, B. Riley reissued a “buy” rating and set a $160.00 price objective on shares of Nordson in a report on Wednesday, December 13th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $147.40.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Nordson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,463,149 shares of the industrial products company’s stock worth $541,469,000 after buying an additional 67,045 shares during the period. BlackRock Inc. grew its position in shares of Nordson by 1.1% during the 2nd quarter. BlackRock Inc. now owns 4,430,648 shares of the industrial products company’s stock worth $537,525,000 after buying an additional 50,194 shares during the period. Atlanta Capital Management Co. L L C grew its position in shares of Nordson by 91.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after buying an additional 848,006 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Nordson during the 2nd quarter worth about $158,781,000. Finally, TimesSquare Capital Management LLC grew its position in shares of Nordson by 85.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock worth $136,453,000 after buying an additional 530,100 shares during the period. Institutional investors own 65.67% of the company’s stock.

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Nordson Company Profile

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

Insider Buying and Selling by Quarter for Nordson (NASDAQ:NDSN)

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