Jennifer L. Mcdonough Sells 225 Shares of Nordson Co. (NASDAQ:NDSN) Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nordson Trading Up 0.6 %

Shares of NDSN opened at $259.04 on Thursday. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The stock has a market cap of $14.81 billion, a PE ratio of 31.55, a P/E/G ratio of 1.91 and a beta of 0.90. 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 business’s 50-day moving average price is $254.26 and its 200-day moving average price is $246.94.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. During the same quarter in the prior year, the firm posted $2.35 EPS. Nordson’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Nordson Co. will post 9.55 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price objective on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $299.00.

Hedge Funds Weigh In On Nordson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Nordson by 6.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,332 shares of the industrial products company’s stock worth $1,738,000 after buying an additional 405 shares during the last quarter. SG Americas Securities LLC increased its stake in Nordson by 80.8% in the first quarter. SG Americas Securities LLC now owns 5,680 shares of the industrial products company’s stock valued at $1,559,000 after acquiring an additional 2,539 shares during the last quarter. Swiss National Bank raised its position in Nordson by 1.1% during the first quarter. Swiss National Bank now owns 162,200 shares of the industrial products company’s stock valued at $44,530,000 after purchasing an additional 1,800 shares in the last quarter. Headlands Technologies LLC bought a new stake in Nordson during the first quarter worth about $55,000. Finally, QRG Capital Management Inc. boosted its holdings in shares of Nordson by 8.8% in the 1st quarter. QRG Capital Management Inc. now owns 1,271 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 103 shares in the last quarter. 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.