Nordson VP Sells $292,594 in Stock (NDSN)
Nordson (NASDAQ:NDSN) VP Douglas C. Bloomfield unloaded 3,563 shares of Nordson stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $82.12, for a total value of $292,593.56. Following the completion of the transaction, the vice president now directly owns 9,300 shares in the company, valued at approximately $763,716. The transaction was disclosed in a document filed with the SEC, which is available at 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 assigned a buy rating to the company. Nordson has a consensus rating of “Hold” and an average price target of $77.10.
Nordson (NASDAQ:NDSN) traded down 1.18% during mid-day trading on Tuesday, hitting $81.43. The stock had a trading volume of 79,107 shares. Nordson has a one year low of $65.78 and a one year high of $84.52. The stock’s 50-day moving average is $75.70 and its 200-day moving average is $72.61. The company has a market cap of $5.184 billion and a P/E ratio of 24.02.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.84 earnings per share. Nordson’s revenue was up 9.2% compared to the same quarter last year. 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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