Nordson Co. (NASDAQ:NDSN) VP Joseph Stockunas sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $146.13, for a total value of $730,650.00. Following the transaction, the vice president now 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 SEC, which is available at the SEC website.
Shares of Nordson Co. (NASDAQ:NDSN) traded up $1.03 on Friday, hitting $148.46. The company had a trading volume of 163,835 shares, compared to its average volume of 266,237. 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 Co. has a 1-year low of $107.16 and a 1-year high of $151.84. The firm has a market cap of $8,510.00, a price-to-earnings ratio of 29.51, a PEG ratio of 1.62 and a beta of 1.39.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business had revenue of $574.00 million during the quarter, compared to analyst estimates of $546.76 million. During the same period in the previous year, the firm earned $1.39 EPS. Nordson’s quarterly revenue was up 12.8% compared to the same quarter last year. research analysts anticipate that Nordson Co. will post 6.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s payout ratio is 23.86%.
Several equities analysts have recently issued reports on the company. B. Riley restated a “buy” rating on shares of Nordson in a research report on Wednesday, November 1st. Barrington Research reiterated a “market perform” rating on shares of Nordson in a research report on Tuesday. KeyCorp reiterated a “buy” rating and issued a $165.00 price objective (up from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. Gabelli lowered Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $147.40.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware bought a new stake in Nordson in the 2nd quarter valued at approximately $104,000. D.A. Davidson & CO. lifted its stake in Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares in the last quarter. Quantbot Technologies LP lifted its stake in Nordson by 1,168.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,507 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Nordson in the 2nd quarter valued at approximately $210,000. Finally, Bridgewater Associates LP bought a new stake in Nordson in the 2nd quarter valued at approximately $228,000. Hedge funds and other 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.
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