Nordson Co. (NDSN) CEO Michael F. Hilton Sells 55,000 Shares
Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 55,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the transaction, the chief executive officer now owns 241,274 shares in the company, valued at approximately $33,339,241.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Nordson Co. (NASDAQ NDSN) opened at $140.10 on Wednesday. Nordson Co. has a one year low of $107.16 and a one year high of $151.84. The company has a quick ratio of 1.07, a current ratio of 1.52 and a debt-to-equity ratio of 0.97. The firm has a market cap of $8,100.00, a P/E ratio of 25.15, a PEG ratio of 1.65 and a beta of 1.32.
Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The company had revenue of $550.42 million for the quarter, compared to analysts’ expectations of $538.21 million. During the same quarter last year, the business earned $0.86 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. research analysts expect that Nordson Co. will post 6.34 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC raised its stake in Nordson by 972.7% during the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 963 shares during the period. Quantbot Technologies LP raised 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 acquiring an additional 1,507 shares during the period. Sapphire Star Partners LP bought a new stake in Nordson during the 4th quarter worth approximately $212,000. Sequoia Financial Advisors LLC bought a new stake in Nordson during the 4th quarter worth approximately $213,000. Finally, MML Investors Services LLC bought a new stake in Nordson during the 4th quarter worth approximately $214,000. Institutional investors own 66.70% of the company’s stock.
Several research firms have issued reports on NDSN. Wells Fargo & Co reiterated a “market perform” rating and issued a $140.00 price objective (down previously from $155.00) on shares of Nordson in a research note on Monday, February 26th. They noted that the move was a valuation call. DA Davidson began coverage on shares of Nordson in a research note on Wednesday, February 21st. They issued a “buy” rating and a $160.00 price objective on the stock. KeyCorp reiterated a “buy” rating and issued a $145.00 price objective on shares of Nordson in a research note on Sunday, November 19th. SunTrust Banks increased their price objective on shares of Nordson to $166.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Oppenheimer reiterated a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $152.40.
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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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