Nordson Corp. (NASDAQ:NDSN) Director Mary G. Puma sold 3,768 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $99.36, for a total value of $374,388.48. Following the transaction, the director now directly owns 24,218 shares in the company, valued at approximately $2,406,300.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Nordson Corp. (NASDAQ:NDSN) opened at 99.04 on Friday. The firm has a market capitalization of $5.66 billion, a PE ratio of 23.35 and a beta of 1.33. Nordson Corp. has a 52-week low of $51.89 and a 52-week high of $102.20. The company has a 50-day moving average price of $98.47 and a 200 day moving average price of $86.63.

Nordson Corp. (NASDAQ:NDSN) last released its earnings results on Monday, August 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. The business had revenue of $489.89 million for the quarter. During the same period last year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts expect that Nordson Corp. will post $4.51 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in NDSN. Emerald Acquisition Ltd. purchased a new stake in Nordson Corp. during the second quarter worth $2,497,000. BNP Paribas Arbitrage SA increased its stake in Nordson Corp. by 3,576.1% in the second quarter. BNP Paribas Arbitrage SA now owns 21,248 shares of the company’s stock worth $1,777,000 after buying an additional 20,670 shares during the period. Turner Investments L.P. purchased a new stake in Nordson Corp. during the second quarter worth $334,000. Prudential Financial Inc. increased its stake in Nordson Corp. by 21.3% in the first quarter. Prudential Financial Inc. now owns 55,921 shares of the company’s stock worth $4,252,000 after buying an additional 9,830 shares during the period. Finally, GW&K Investment Management LLC increased its stake in Nordson Corp. by 18.0% in the second quarter. GW&K Investment Management LLC now owns 115,782 shares of the company’s stock worth $9,681,000 after buying an additional 17,656 shares during the period. 64.61% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on NDSN. Gabelli began coverage on Nordson Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $100.00 price target on the stock. Zacks Investment Research cut Nordson Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Wunderlich increased their price target on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Barrington Research increased their price target on Nordson Corp. from $102.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 23rd. Finally, Royal Bank Of Canada dropped their price target on Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 24th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Nordson Corp. currently has a consensus rating of “Buy” and an average target price of $103.90.

About Nordson Corp.

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