Nordson Corp. (NDSN) Director Sells $374,388.48 in Stock
Nordson Corp. (NASDAQ:NDSN) Director Mary G. Puma sold 3,768 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $99.36, for a total value of $374,388.48. Following the completion of the sale, 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. Nordson Corp. has a 52 week low of $51.89 and a 52 week high of $102.20. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 23.35 and a beta of 1.33. 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 quarterly earnings data on Monday, August 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.14. The firm had revenue of $489.89 million for the quarter. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. Nordson Corp.’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. Analysts expect that Nordson Corp. will post $4.51 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Seaport Global Securities lifted their price objective on Nordson Corp. from $99.00 to $115.00 in a report on Wednesday, August 24th. SunTrust Banks Inc. lifted their price objective on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Zacks Investment Research lowered Nordson Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Robert W. Baird decreased their price objective on Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating on the stock in a report on Wednesday, August 24th. Finally, Royal Bank Of Canada decreased their price objective on Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 24th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nordson Corp. presently has an average rating of “Buy” and an average target price of $103.90.
A number of hedge funds have recently added to or reduced their stakes in NDSN. Eqis Capital Management Inc. raised its stake in Nordson Corp. by 23.3% in the third quarter. Eqis Capital Management Inc. now owns 3,426 shares of the company’s stock valued at $341,000 after buying an additional 648 shares in the last quarter. CT Mason raised its position in shares of Nordson Corp. by 29.3% in the third quarter. CT Mason now owns 35,767 shares of the company’s stock worth $3,563,000 after buying an additional 8,110 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Nordson Corp. by 2.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 24,828 shares of the company’s stock worth $2,076,000 after buying an additional 480 shares during the period. Mason Street Advisors LLC purchased a new position in shares of Nordson Corp. during the second quarter worth $2,045,000. Finally, Royal Bank of Canada raised its position in shares of Nordson Corp. by 5.4% in the second quarter. Royal Bank of Canada now owns 46,476 shares of the company’s stock worth $3,886,000 after buying an additional 2,396 shares during the period. Hedge funds and other institutional investors own 64.61% of the company’s stock.
About Nordson Corp.
Receive News & Stock Ratings for Nordson Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corp. and related stocks with our FREE daily email newsletter.