Gregory P. Merk Sells 12,200 Shares of Nordson Co. (NDSN) Stock
Nordson Co. (NASDAQ:NDSN) insider Gregory P. Merk sold 12,200 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $150.03, for a total transaction of $1,830,366.00. Following the completion of the sale, the insider now directly owns 64,091 shares in the company, valued at $9,615,572.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Nordson Co. (NASDAQ:NDSN) traded down $0.84 during mid-day trading on Friday, reaching $149.34. The company had a trading volume of 199,585 shares, compared to its average volume of 323,921. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $8,620.00, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. Nordson Co. has a 1 year low of $107.16 and a 1 year high of $151.84.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. analysts expect that Nordson Co. will post 6.24 EPS for the current year.
NDSN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Tuesday, October 24th. FBR & Co set a $160.00 target price on shares of Nordson and gave the company a “buy” rating in a research report on Monday, September 11th. SunTrust Banks reissued a “buy” rating and issued a $135.00 price target on shares of Nordson in a report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $145.00 price objective on shares of Nordson in a research note on Sunday, November 19th. Finally, Robert W. Baird reissued a “hold” rating and issued a $138.00 price target on shares of Nordson in a research report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $147.40.
Institutional investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Nordson during the 2nd quarter worth about $104,000. D.A. Davidson & CO. grew its position in shares of Nordson by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares during the period. Quantbot Technologies LP grew its position in shares of Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,507 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Nordson during the 2nd quarter worth about $210,000. Finally, Bridgewater Associates LP acquired a new position in shares of Nordson during the 2nd quarter worth about $228,000. Institutional investors own 65.67% of the company’s stock.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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