Jennifer L. Mcdonough Sells 87 Shares of Nordson Co. (NASDAQ:NDSN) Stock

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 87 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $261.97, for a total value of $22,791.39. Following the sale, the executive vice president now owns 3,124 shares of the company’s stock, valued at approximately $818,394.28. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nordson Stock Performance

NASDAQ NDSN traded down $7.00 on Tuesday, reaching $256.62. The stock had a trading volume of 97,995 shares, compared to its average volume of 232,044. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38. The business’s 50-day moving average price is $255.48 and its 200 day moving average price is $246.20. The stock has a market cap of $14.67 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90.

Institutional Investors Weigh In On Nordson

Several large investors have recently modified their holdings of NDSN. Price T Rowe Associates Inc. MD raised its stake in shares of Nordson by 237.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Nordson during the first quarter worth $400,000. California State Teachers Retirement System grew its holdings in Nordson by 4.3% during the first quarter. California State Teachers Retirement System now owns 85,652 shares of the industrial products company’s stock worth $23,515,000 after acquiring an additional 3,510 shares during the period. Tidal Investments LLC grew its holdings in Nordson by 3.4% during the first quarter. Tidal Investments LLC now owns 5,495 shares of the industrial products company’s stock worth $1,506,000 after acquiring an additional 182 shares during the period. Finally, iA Global Asset Management Inc. grew its holdings in Nordson by 60.1% during the first quarter. iA Global Asset Management Inc. now owns 2,076 shares of the industrial products company’s stock worth $570,000 after acquiring an additional 779 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price objective on 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $299.00.

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.