Nordson Co. (NDSN) CEO Sells $1,821,057.16 in Stock

Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 12,142 shares of Nordson stock in a transaction on Friday, January 5th. The shares were sold at an average price of $149.98, for a total transaction of $1,821,057.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Nordson Co. (NDSN) opened at $145.66 on Thursday. Nordson Co. has a one year low of $107.16 and a one year high of $151.84. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The stock has a market cap of $8,410.00, a price-to-earnings ratio of 28.96, a PEG ratio of 1.62 and a beta of 1.39.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $546.76 million. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. research analysts expect that Nordson Co. will post 6.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. Nordson’s payout ratio is 23.86%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Nordson in the 2nd quarter worth $104,000. D.A. Davidson & CO. grew its stake in shares of Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 22 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Nordson by 1,168.2% in the 3rd 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 in the last quarter. Raymond James Trust N.A. bought a new stake in shares of Nordson in the 2nd quarter worth $210,000. Finally, Bridgewater Associates LP bought a new stake in shares of Nordson in the 2nd quarter worth $228,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Several analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Nordson in a research note on Wednesday, November 1st. Barrington Research reiterated a “market perform” rating on shares of Nordson in a research note on Tuesday. Longbow Research upgraded shares of Nordson from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, September 20th. KeyCorp restated a “buy” rating and set a $145.00 price target on shares of Nordson in a research note on Sunday, November 19th. Finally, Oppenheimer restated a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Nordson has a consensus rating of “Buy” and an average price target of $147.40.

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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.

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

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