Shelly Peet Sells 15,000 Shares of Nordson Co. (NDSN) Stock
Nordson Co. (NASDAQ:NDSN) VP Shelly Peet sold 15,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $148.90, for a total value of $2,233,500.00. Following the completion of the sale, the vice president now directly owns 29,170 shares in the company, valued at approximately $4,343,413. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Nordson Co. (NDSN) opened at $149.34 on Monday. Nordson Co. has a 1-year low of $107.16 and a 1-year high of $151.84. The company has a market capitalization of $8,620.00, a PE ratio of 29.69, a PEG ratio of 1.62 and a beta of 1.39. 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 data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business had revenue of $574.00 million for the quarter, compared to the consensus estimate of $546.76 million. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. sell-side analysts forecast 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 paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. Nordson’s dividend payout ratio is presently 23.86%.
NDSN has been the topic of a number of analyst reports. FBR & Co set a $160.00 price target on Nordson and gave the company a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Longbow Research upgraded Nordson from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and issued a $138.00 price objective on shares of Nordson in a report on Wednesday, October 4th. Finally, KeyCorp reiterated a “buy” rating and issued a $145.00 price objective on shares of Nordson in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $147.40.
Large investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new position in Nordson during the 2nd quarter worth approximately $104,000. D.A. Davidson & CO. grew its stake in Nordson by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares during the last quarter. Quantbot Technologies LP grew its stake in Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,507 shares during the last quarter. Raymond James Trust N.A. purchased a new position in Nordson during the 2nd quarter worth approximately $210,000. Finally, Bridgewater Associates LP purchased a new position in Nordson during the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.
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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.
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