Insider Selling: Nordson Co. (NDSN) VP Sells $730,650.00 in Stock

Nordson Co. (NASDAQ:NDSN) VP Joseph Stockunas sold 5,000 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $146.13, for a total transaction of $730,650.00. Following the completion of the sale, the vice president now owns 14,933 shares in the company, valued at approximately $2,182,159.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nordson Co. (NASDAQ:NDSN) opened at $148.46 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market cap of $8,570.00, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Nordson Co. has a one year low of $107.16 and a one year high of $151.84.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. Nordson’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. equities 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 0.81%. The ex-dividend date was Monday, December 18th. Nordson’s payout ratio is 23.86%.

Several equities research analysts recently weighed in on the stock. Barrington Research restated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. KeyCorp restated a “buy” rating and issued a $165.00 price target (up previously from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. Gabelli cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. SunTrust Banks boosted their price target on shares of Nordson to $166.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $147.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of NDSN. Janus Henderson Group PLC purchased a new position in Nordson during the second quarter worth $158,781,000. Atlanta Capital Management Co. L L C boosted its stake in 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 worth $215,658,000 after buying an additional 848,006 shares during the period. TimesSquare Capital Management LLC boosted its stake in 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 worth $136,453,000 after buying an additional 530,100 shares during the period. Koch Industries Inc. purchased a new position in Nordson during the second quarter worth $425,000. Finally, Wells Fargo & Company MN boosted its stake in Nordson by 78.1% during the second quarter. Wells Fargo & Company MN now owns 510,459 shares of the industrial products company’s stock worth $61,929,000 after buying an additional 223,851 shares during the period. 65.67% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Nordson (NASDAQ:NDSN)

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