Joseph P. Keithley Sells 1,518 Shares of Nordson Co. (NDSN) Stock

Nordson Co. (NASDAQ:NDSN) Director Joseph P. Keithley sold 1,518 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $149.89, for a total value of $227,533.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Nordson Co. (NASDAQ NDSN) traded down $0.84 during mid-day trading on Friday, reaching $149.34. 199,585 shares of the company’s stock were exchanged, compared to its average volume of 323,921. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. Nordson Co. has a 1-year low of $107.16 and a 1-year high of $151.84. The company has a market cap of $8,620.00, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. analysts forecast that Nordson Co. will post 6.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. Nordson’s payout ratio is 23.86%.

Several equities analysts recently commented on NDSN shares. SunTrust Banks upped their price objective on Nordson to $166.00 and gave the company a “buy” rating in a research note on Friday, December 15th. BidaskClub downgraded Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. KeyCorp reiterated a “buy” rating and issued a $145.00 price objective on shares of Nordson in a research note on Thursday, October 12th. Finally, Longbow Research upgraded Nordson from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $147.40.

A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP raised its holdings in Nordson by 175.7% during the 3rd quarter. GSA Capital Partners LLP now owns 6,467 shares of the industrial products company’s stock valued at $766,000 after acquiring an additional 4,121 shares during the period. Independent Advisor Alliance increased its holdings in shares of Nordson by 13.6% in the third quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock worth $668,000 after purchasing an additional 657 shares during the period. California Public Employees Retirement System increased its holdings in shares of Nordson by 3.4% in the third quarter. California Public Employees Retirement System now owns 130,116 shares of the industrial products company’s stock worth $15,419,000 after purchasing an additional 4,316 shares during the period. Jane Street Group LLC increased its holdings in shares of Nordson by 361.8% in the third quarter. Jane Street Group LLC now owns 12,916 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 10,119 shares during the period. Finally, Vident Investment Advisory LLC increased its holdings in shares of Nordson by 81.5% in the third quarter. Vident Investment Advisory LLC now owns 113,247 shares of the industrial products company’s stock worth $13,420,000 after purchasing an additional 50,847 shares during the period. 65.67% of the stock is currently owned by institutional investors and hedge funds.

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Nordson Company Profile

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.

Insider Buying and Selling by Quarter for Nordson (NASDAQ:NDSN)

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