Nordson Corp. CFO Gregory Thaxton Sells 5,412 Shares (NDSN)
Nordson Corp. (NASDAQ:NDSN) CFO Gregory Thaxton sold 5,412 shares of Nordson Corp. stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $71.83, for a total transaction of $388,743.96. Following the sale, the chief financial officer now directly owns 9,798 shares in the company, valued at approximately $703,790. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Nordson Corp. (NASDAQ:NDSN) traded up 0.56% during mid-day trading on Friday, hitting $72.29. 251,026 shares of the company’s stock traded hands. Nordson Corp. has a one year low of $60.76 and a one year high of $75.88. The stock has a 50-day moving average of $72.89 and a 200-day moving average of $72.21. The company has a market cap of $4.645 billion and a P/E ratio of 21.02.
Nordson Corp. (NASDAQ:NDSN) last announced its earnings results on Wednesday, December 11th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.03. The company had revenue of $410.82 million for the quarter, compared to the consensus estimate of $403.81 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that Nordson Corp. will post $3.81 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Nordson Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 28th. They now have a $74.40 price target on the stock. Four equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $71.35.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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