Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass Sells 1,299 Shares of Stock

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Stephen Lovass also recently made the following trade(s):

• On Monday, December 2nd, Stephen Lovass sold 317 shares of Nordson stock. The shares were sold at an average price of $260.75, for a total value of $82,657.75.

Nordson Stock Down 1.6 %

NDSN stock opened at $202.09 on Thursday. The company’s 50-day moving average price is $238.77 and its 200 day moving average price is $243.39. Nordson Co. has a 52 week low of $201.82 and a 52 week high of $279.38. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a market cap of $11.52 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.70 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $2.46 EPS. On average, research analysts expect that Nordson Co. will post 10.34 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.54%. Nordson’s dividend payout ratio is currently 38.47%.

Analysts Set New Price Targets

NDSN has been the topic of several research analyst reports. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. DA Davidson dropped their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Institutional Investors Weigh In On Nordson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after acquiring an additional 177,282 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Nordson by 2.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nordson by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after buying an additional 14,780 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Nordson by 2.7% during the second quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock valued at $139,624,000 after buying an additional 15,947 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.