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

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction 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 of the company’s stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 transaction of $82,657.75.

Nordson Price Performance

Shares of NDSN opened at $200.12 on Friday. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The stock has a market cap of $11.41 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. 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 firm has a fifty day moving average price of $237.86 and a 200 day moving average price of $243.10.

Nordson (NASDAQ:NDSN) last announced 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. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. During the same period in the previous year, the company earned $2.46 earnings per share. Nordson’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nordson Co. will post 10.34 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be issued a $0.78 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.56%. Nordson’s payout ratio is 38.47%.

Institutional Investors Weigh In On Nordson

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Procyon Advisors LLC raised its holdings in shares of Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after buying an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Nordson by 1.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of 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 worth $752,000 after acquiring an additional 42 shares during the period. Covestor Ltd increased its stake in shares of 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 during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 49 shares during the period. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson decreased their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

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.