Nordson CFO Gregory A. Thaxton Unloads 1,004 Shares (NDSN)
Nordson (NASDAQ:NDSN) CFO Gregory A. Thaxton unloaded 1,004 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $82.46, for a total value of $82,789.84. Following the completion of the transaction, the chief financial officer now directly owns 8,794 shares of the company’s stock, valued at approximately $725,153. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Robert W. Baird initiated coverage on shares of Nordson in a research note on Wednesday, March 5th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $77.10.
Nordson (NASDAQ:NDSN) traded down 0.59% on Friday, hitting $82.20. The stock had a trading volume of 139,535 shares. Nordson has a 1-year low of $65.78 and a 1-year high of $84.52. The stock has a 50-day moving average of $75.05 and a 200-day moving average of $72.45. The company has a market cap of $5.233 billion and a P/E ratio of 24.10.
Nordson (NASDAQ:NDSN) last released its earnings data on Thursday, May 22nd. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.07. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $406.71 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Nordson will post $3.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Tuesday, May 27th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 22nd.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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