Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 12,142 shares of Nordson stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $149.98, for a total value of $1,821,057.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Nordson Co. (NDSN) opened at $146.89 on Wednesday. The firm has a market capitalization of $8,480.00, a P/E ratio of 29.20, a PEG ratio of 1.62 and a beta of 1.39. Nordson Co. has a 1 year low of $107.16 and a 1 year high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. During the same period in the previous year, the company posted $1.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. equities research analysts anticipate that Nordson Co. will post 6.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. Nordson’s dividend payout ratio is presently 23.86%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Nordson by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock valued at $9,601,000 after purchasing an additional 1,751 shares in the last quarter. FMR LLC boosted its position in shares of Nordson by 26.9% during the second quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock valued at $55,283,000 after purchasing an additional 96,598 shares in the last quarter. Strs Ohio boosted its position in shares of Nordson by 54.5% during the third quarter. Strs Ohio now owns 85,000 shares of the industrial products company’s stock valued at $10,072,000 after purchasing an additional 30,000 shares in the last quarter. Dupont Capital Management Corp boosted its position in shares of Nordson by 73.3% during the third quarter. Dupont Capital Management Corp now owns 8,494 shares of the industrial products company’s stock valued at $1,007,000 after purchasing an additional 3,592 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Nordson during the third quarter valued at approximately $860,000. Institutional investors own 65.67% of the company’s stock.

A number of brokerages have recently weighed in on NDSN. Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Robert W. Baird reiterated a “hold” rating and issued a $138.00 price objective on shares of Nordson in a research report on Wednesday, October 4th. Gabelli lowered Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. KeyCorp reiterated a “buy” rating and issued a $145.00 price objective on shares of Nordson in a research report on Sunday, November 19th. Finally, Oppenheimer reiterated a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $147.40.

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Nordson Company Profile

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

Insider Buying and Selling by Quarter for Nordson (NASDAQ:NDSN)

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