Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 5,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $138.85, for a total value of $694,250.00. Following the transaction, the chief executive officer now directly owns 219,455 shares of the company’s stock, valued at approximately $30,471,326.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NASDAQ:NDSN opened at $147.45 on Thursday. The stock has a market cap of $8.18 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a current ratio of 2.21, a quick ratio of 1.57 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average is $136.95 and its 200-day moving average is $136.67. Nordson Co. has a 1-year low of $110.16 and a 1-year high of $149.23.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.18). The firm had revenue of $559.75 million for the quarter, compared to the consensus estimate of $587.74 million. Nordson had a return on equity of 21.96% and a net margin of 14.74%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. As a group, equities analysts forecast that Nordson Co. will post 5.94 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.38 per share. This is a boost from Nordson’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, August 26th. Nordson’s payout ratio is 25.59%.

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Nordson during the second quarter worth about $44,000. Zions Bancorporation N.A. bought a new stake in Nordson in the first quarter valued at approximately $43,000. Icon Wealth Partners LLC bought a new stake in Nordson in the first quarter valued at approximately $56,000. Bremer Bank National Association bought a new stake in Nordson in the first quarter valued at approximately $78,000. Finally, Pearl River Capital LLC bought a new stake in Nordson in the second quarter valued at approximately $78,000. Institutional investors own 68.81% of the company’s stock.

Several research analysts have commented on the company. DA Davidson lowered their target price on Nordson from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating and set a $148.00 price target on the stock. in a report on Monday, July 1st. Longbow Research set a $160.00 price target on Nordson and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, ValuEngine upgraded Nordson from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $143.00.

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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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