Jennifer L. Mcdonough Sells 87 Shares of Nordson Co. (NASDAQ:NDSN) Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 87 shares of Nordson stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $261.97, for a total value of $22,791.39. Following the sale, the executive vice president now directly owns 3,124 shares in the company, valued at approximately $818,394.28. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nordson Price Performance

NASDAQ NDSN opened at $258.73 on Wednesday. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The firm has a market capitalization of $14.79 billion, a PE ratio of 31.51, a P/E/G ratio of 1.96 and a beta of 0.90. The company’s 50 day simple moving average is $255.48 and its 200 day simple moving average is $246.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in shares of Nordson by 61.6% during the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after acquiring an additional 11,875 shares during the period. Cetera Investment Advisers grew its position in Nordson by 422.3% in the first quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock worth $3,947,000 after buying an additional 11,625 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Nordson by 300.8% in the second quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company’s stock worth $702,000 after buying an additional 2,271 shares during the last quarter. Cetera Advisors LLC grew its position in Nordson by 82.9% in the first quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 2,159 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Nordson by 105.6% in the second quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company’s stock worth $2,708,000 after buying an additional 5,997 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.