Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass Sells 1,299 Shares

by · The Markets Daily

Nordson Co. (NASDAQ:NDSN – Get Free Report) EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Stock Down 1.6 %

NDSN stock traded down $3.34 on Wednesday, hitting $202.09. 431,145 shares of the company’s stock were exchanged, compared to its average volume of 288,042. The firm has a 50 day moving average price of $239.75 and a two-hundred day moving average price of $243.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41. Nordson Co. has a 12-month low of $201.82 and a 12-month high of $279.38. The stock has a market cap of $11.52 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. As a group, equities research analysts expect that Nordson Co. will post 10.34 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Institutional Trading of Nordson

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in shares of Nordson by 11.9% in the 4th quarter. Diversified Trust Co now owns 4,430 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 472 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Nordson by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 7,334 shares of the industrial products company’s stock valued at $1,536,000 after purchasing an additional 1,053 shares during the last quarter. JPMorgan Chase & Co. grew its position in Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after purchasing an additional 48,720 shares during the period. Principal Financial Group Inc. raised its stake in shares of Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company’s stock valued at $77,723,000 after buying an additional 13,184 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Nordson by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company’s stock valued at $21,841,000 after buying an additional 4,919 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird restated a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, DA Davidson decreased 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. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $279.00.

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Nordson Company Profile

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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.

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