Nordson Co. (NASDAQ:NDSN) CFO Gregory A. Thaxton sold 11,400 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $145.21, for a total value of $1,655,394.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Gregory A. Thaxton also recently made the following trade(s):
- On Friday, July 19th, Gregory A. Thaxton sold 2,411 shares of Nordson stock. The stock was sold at an average price of $138.14, for a total value of $333,055.54.
Nordson stock opened at $144.63 on Friday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The company has a current ratio of 2.21, a quick ratio of 1.57 and a debt-to-equity ratio of 0.76. Nordson Co. has a 12 month low of $110.16 and a 12 month high of $149.23. The business’s fifty day simple moving average is $138.60 and its two-hundred day simple moving average is $137.30.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.18). The business had revenue of $559.75 million for the quarter, compared to the consensus estimate of $587.74 million. Nordson had a net margin of 14.74% and a return on equity of 21.96%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.60 earnings per share. On average, equities research analysts predict that Nordson Co. will post 5.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.38 per share. This is an increase from Nordson’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, August 26th. Nordson’s dividend payout ratio is presently 25.59%.
NDSN has been the topic of several analyst reports. Zacks Investment Research downgraded Nordson from a “hold” rating to a “sell” rating and set a $148.00 target price on the stock. in a report on Monday, July 1st. Longbow Research set a $160.00 target price on Nordson and gave the stock a “buy” rating in a report on Friday, August 23rd. DA Davidson dropped their target price on Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, ValuEngine raised Nordson from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Nordson presently has an average rating of “Hold” and a consensus target price of $143.00.
Large investors have recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new position in shares of Nordson during the first quarter valued at $43,000. Cullen Frost Bankers Inc. bought a new position in shares of Nordson during the second quarter valued at $44,000. Icon Wealth Partners LLC bought a new position in shares of Nordson during the first quarter valued at $56,000. Bremer Bank National Association bought a new position in shares of Nordson during the first quarter valued at $78,000. Finally, Pearl River Capital LLC bought a new position in shares of Nordson during the second quarter valued at $78,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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