Nordson Co. (NASDAQ:NDSN) EVP Sells 1,299 Shares

Nordson Co. (NASDAQ:NDSN - Get Free Report) EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company's stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Stephen Lovass also recently made the following trade(s):

• On Monday, December 2nd, Stephen Lovass sold 317 shares of Nordson stock. The stock was sold at an average price of $260.75, for a total value of $82,657.75.

Nordson Stock Performance

Nordson stock traded down $3.34 during midday trading on Wednesday, hitting $202.09. The company's stock had a trading volume of 431,288 shares, compared to its average volume of 288,078. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.70 and a beta of 0.95. Nordson Co. has a 1-year low of $201.82 and a 1-year high of $279.38. The company has a 50-day moving average price of $238.77 and a two-hundred day moving average price of $243.39.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 earnings per share. As a group, sell-side analysts predict that Nordson Co. will post 10.34 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 2nd. Nordson's payout ratio is currently 38.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in shares of Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company's stock valued at $60,377,000 after buying an additional 193,421 shares in the last quarter. State Street Corp increased its stake in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock valued at $692,916,000 after acquiring an additional 177,282 shares during the last quarter. International Assets Investment Management LLC raised its position in Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock valued at $27,327,000 after purchasing an additional 103,653 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Nordson by 2.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company's stock worth $601,032,000 after purchasing an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock valued at $41,386,000 after purchasing an additional 65,436 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of research analyst reports. Baird R W cut shares of Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Finally, Robert W. Baird restated a "neutral" rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $279.00.

Nordson Company Profile

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.