Nordson Co. (NDSN) VP James E. Devries Sells 5,800 Shares

Nordson Co. (NASDAQ:NDSN) VP James E. Devries sold 5,800 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total value of $863,388.00. Following the completion of the transaction, the vice president now owns 46,222 shares in the company, valued at approximately $6,880,606.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Nordson Co. (NASDAQ:NDSN) traded up $1.94 during midday trading on Friday, reaching $151.14. The company’s stock had a trading volume of 225,821 shares, compared to its average volume of 263,785. Nordson Co. has a 12-month low of $107.16 and a 12-month high of $151.84. The firm has a market capitalization of $8,710.00, a PE ratio of 30.05, a P/E/G ratio of 1.61 and a beta of 1.39. 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 (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The firm had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Nordson’s revenue for the quarter was up 12.8% compared to the same quarter last year. research analysts anticipate that Nordson Co. will post 6.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s payout ratio is currently 23.86%.

Several research analysts recently commented on the company. B. Riley reiterated a “buy” rating on shares of Nordson in a research note on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and issued a $165.00 price target (up previously from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Barrington Research reiterated a “market perform” rating on shares of Nordson in a research note on Tuesday, January 9th. Gabelli cut Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $147.40.

A number of hedge funds and other institutional investors have recently made changes to their positions in NDSN. Janus Henderson Group PLC acquired a new stake in Nordson during the second quarter valued at approximately $158,781,000. Atlanta Capital Management Co. L L C grew its holdings in shares of Nordson by 91.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock valued at $215,658,000 after purchasing an additional 848,006 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Nordson by 85.3% during the third quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock valued at $136,453,000 after purchasing an additional 530,100 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Nordson during the second quarter valued at approximately $425,000. Finally, Brown Advisory Inc. grew its holdings in shares of Nordson by 3,862.1% during the third quarter. Brown Advisory Inc. now owns 189,944 shares of the industrial products company’s stock valued at $22,509,000 after purchasing an additional 185,150 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

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About Nordson

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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