Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $138.18, for a total value of $7,599,900.00. Following the completion of the sale, the chief executive officer now directly owns 241,274 shares in the company, valued at $33,339,241.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Nordson stock opened at $140.78 on Thursday. The stock has a market capitalization of $8,225.74, a P/E ratio of 23.46, a P/E/G ratio of 1.68 and a beta of 1.32. Nordson Co. has a 12-month low of $107.16 and a 12-month high of $151.84. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.52 and a quick ratio of 1.07.
Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.01. The business had revenue of $550.42 million for the quarter, compared to analysts’ expectations of $538.21 million. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. equities analysts anticipate that Nordson Co. will post 6.33 earnings per share for the current fiscal year.
NDSN has been the topic of a number of analyst reports. Zacks Investment Research cut Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. BidaskClub cut Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Oppenheimer reissued a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. B. Riley reissued a “buy” rating and issued a $160.00 price target on shares of Nordson in a research report on Wednesday, December 13th. Finally, Gabelli cut Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Nordson presently has an average rating of “Hold” and an average target price of $152.40.
A number of hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its holdings in shares of Nordson by 972.7% during the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after buying an additional 963 shares during the period. Sapphire Star Partners LP bought a new position in shares of Nordson during the 4th quarter valued at $212,000. Sequoia Financial Advisors LLC bought a new position in shares of Nordson during the 4th quarter valued at $213,000. MML Investors Services LLC bought a new position in shares of Nordson during the 4th quarter valued at $214,000. Finally, IPG Investment Advisors LLC bought a new position in shares of Nordson during the 4th quarter valued at $220,000. 66.70% of the stock is currently owned by institutional investors and hedge funds.
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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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