Nordson Co. (NASDAQ:NDSN) EVP Sells $82,657.75 in Stock

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nordson Trading Down 0.8 %

NDSN stock opened at $254.58 on Friday. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The business has a fifty day moving average of $255.82 and a 200-day moving average of $245.68. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $14.56 billion, a P/E ratio of 31.01, a PEG ratio of 1.92 and a beta of 0.90.

Analyst Ratings Changes

Separately, Robert W. Baird raised their price target on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $299.00.

Institutional Trading of Nordson

Institutional investors and hedge funds have recently made changes to their positions in the business. Procyon Advisors LLC boosted its stake in Nordson by 2.9% during the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in shares of Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after acquiring an additional 39 shares in the last quarter. Everpar Advisors LLC increased its stake in Nordson by 2.1% in the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after buying an additional 42 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Nordson by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 42 shares during the last quarter. Finally, Covestor Ltd raised its position in Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

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.