Nordson Co. (NASDAQ:NDSN) EVP Sells $268,620.21 in Stock

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $260.75, for a total transaction of $82,657.75.

Nordson Stock Down 1.6 %

Shares of NDSN opened at $202.09 on Friday. Nordson Co. has a 1 year low of $201.82 and a 1 year high of $279.38. 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 stock has a 50 day simple moving average of $237.86 and a two-hundred day simple moving average of $243.10. The firm has a market cap of $11.52 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.70 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 EPS. On average, analysts forecast that Nordson Co. will post 10.34 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid 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 dividend payout ratio (DPR) is presently 38.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NDSN shares. DA Davidson dropped their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Institutional Investors Weigh In On Nordson

Institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in Nordson in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Nordson during the 3rd quarter valued at $53,000. Covestor Ltd increased its position in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Nordson by 84.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 166 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

About Nordson

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.