Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 55,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the completion of the sale, the chief executive officer now directly owns 241,274 shares of the company’s stock, valued at $33,339,241.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Nordson Co. (NDSN) traded down $0.29 during trading hours on Monday, hitting $139.69. 156,507 shares of the company were exchanged, compared to its average volume of 261,291. The company has a current ratio of 1.52, a quick ratio of 1.07 and a debt-to-equity ratio of 0.97. Nordson Co. has a 12-month low of $107.16 and a 12-month high of $151.84. The company has a market capitalization of $8,080.00, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32.
Nordson (NASDAQ:NDSN) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.01. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The firm had revenue of $550.42 million during the quarter, compared to analyst estimates of $538.21 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. Nordson’s revenue for the quarter was up 35.1% on a year-over-year basis. equities research analysts anticipate that Nordson Co. will post 6.34 EPS for the current year.
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its position in shares of Nordson by 972.7% during the fourth quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 963 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Nordson by 1,168.2% during the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,507 shares during the last quarter. Sapphire Star Partners LP bought a new position in shares of Nordson during the fourth quarter worth $212,000. Sequoia Financial Advisors LLC bought a new position in shares of Nordson during the fourth quarter worth $213,000. Finally, MML Investors Services LLC bought a new position in shares of Nordson during the fourth quarter worth $214,000. Hedge funds and other institutional investors own 66.70% of the company’s stock.
A number of analysts have recently issued reports on NDSN shares. B. Riley set a $175.00 price objective on shares of Nordson and gave the stock a “buy” rating in a research note on Friday, February 23rd. DA Davidson started coverage on shares of Nordson in a research note on Wednesday, February 21st. They issued a “buy” rating and a $160.00 price objective for the company. BidaskClub cut shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. SunTrust Banks increased their price objective on shares of Nordson to $166.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, KeyCorp reissued a “buy” rating and issued a $145.00 price objective on shares of Nordson in a research note on Sunday, November 19th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $152.40.
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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