Nordson Co. (NASDAQ:NDSN) SVP John J. Keane sold 20,000 shares of Nordson stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total transaction of $3,007,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Nordson Co. (NDSN) traded up $1.06 during midday trading on Friday, reaching $150.18. 593,400 shares of the company were exchanged, compared to its average volume of 365,367. The firm has a market capitalization of $8,620.00, a P/E ratio of 29.86, a PEG ratio of 1.62 and a beta of 1.39. Nordson Co. has a 52 week low of $107.16 and a 52 week high of $151.44. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10.
Nordson (NASDAQ:NDSN) last posted 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. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 earnings per share. equities analysts predict that Nordson Co. will post 6.24 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware purchased a new position in Nordson in the second quarter valued at $104,000. D.A. Davidson & CO. increased its holdings in Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares in the last quarter. Quantbot Technologies LP increased its holdings in Nordson by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,507 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Nordson in the second quarter valued at $210,000. Finally, Bridgewater Associates LP purchased a new position in Nordson in the second quarter valued at $228,000. Institutional investors own 65.67% of the company’s stock.
Several equities research analysts have recently commented on NDSN shares. FBR & Co set a $160.00 price objective on shares of Nordson and gave the stock a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Longbow Research upgraded shares of Nordson from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and set a $138.00 price objective on shares of Nordson in a research note on Wednesday, October 4th. Finally, KeyCorp restated a “buy” rating and set a $145.00 target price on shares of Nordson in a research report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $147.40.
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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.
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