Nordson Co. (NASDAQ:NDSN - Get Free Report) EVP Jennifer L. Mcdonough sold 225 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company's stock, valued at $862,081.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Nordson Trading Down 1.4 %
Shares of NASDAQ:NDSN traded down $3.60 during trading hours on Tuesday, hitting $257.61. 313,286 shares of the company's stock traded hands, compared to its average volume of 232,799. The business has a fifty day moving average price of $253.94 and a 200-day moving average price of $246.88. The firm has a market capitalization of $14.73 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38.
Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. During the same quarter last year, the business earned $2.35 earnings per share. Nordson's revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Nordson Co. will post 9.55 earnings per share for the current year.
Nordson Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.78 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Nordson's previous quarterly dividend of $0.68. Nordson's dividend payout ratio (DPR) is currently 38.00%.
Wall Street Analyst Weigh In
Separately, Robert W. Baird upped their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an "outperform" rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nordson presently has an average rating of "Moderate Buy" and an average price target of $299.00.
Get Our Latest Analysis on NDSN
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in Nordson during the 2nd quarter worth approximately $27,000. Tortoise Investment Management LLC boosted its position in Nordson by 70.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company's stock valued at $32,000 after buying an additional 58 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 91 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Nordson in the 2nd quarter worth approximately $46,000. Finally, Headlands Technologies LLC bought a new position in shares of Nordson during the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 72.11% of the company's stock.
About Nordson
(
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Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.
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