Insider Selling: Nordson Co. (NASDAQ:NDSN) EVP Sells 225 Shares of Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nordson Price Performance

NDSN traded up $0.56 during trading on Tuesday, reaching $261.77. The stock had a trading volume of 4,822 shares, compared to its average volume of 231,391. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The stock has a 50 day moving average of $253.94 and a two-hundred day moving average of $246.88.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the prior year, the firm earned $2.35 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.78 dividend. The ex-dividend date was Tuesday, August 27th. This is an increase from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.19%. Nordson’s dividend payout ratio is 38.00%.

Hedge Funds Weigh In On Nordson

A number of hedge funds have recently modified their holdings of the stock. Procyon Advisors LLC boosted its holdings in Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in Nordson by 1.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 39 shares in the last quarter. Everpar Advisors LLC boosted its holdings in Nordson by 2.1% during the second quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 42 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 42 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 43 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their price target on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and a consensus target price 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.