Nordson (NASDAQ:NDSN) EVP James Devries Sells 9,100 Shares of Stock

Nordson Corporation (NASDAQ:NDSN) EVP James Devries sold 9,100 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $233.60, for a total transaction of $2,125,760.00. Following the sale, the executive vice president owned 51,223 shares of the company’s stock, valued at $11,965,692.80. This trade represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Nordson Stock Performance

Shares of NDSN stock opened at $236.24 on Thursday. The stock’s 50-day moving average price is $230.18 and its 200 day moving average price is $218.31. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $13.27 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $266.86.

Nordson (NASDAQ:NDSN) last announced its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. The company had revenue of $646.86 million for the quarter. Nordson had a return on equity of 19.45% and a net margin of 16.34%. As a group, equities research analysts forecast that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a $0.82 dividend. This is a positive change from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. Nordson’s payout ratio is 41.21%.

Analysts Set New Price Targets

NDSN has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and set a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. DA Davidson set a $285.00 price target on shares of Nordson in a report on Tuesday, October 21st. Robert W. Baird raised their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.75.

Institutional Investors Weigh In On Nordson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Nordson during the 2nd quarter valued at $139,218,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Nordson by 156.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock valued at $205,685,000 after acquiring an additional 621,734 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Nordson by 110.0% during the third quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock valued at $163,093,000 after acquiring an additional 376,395 shares during the last quarter. Confluence Investment Management LLC increased its position in Nordson by 118.5% during the 2nd quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock worth $72,048,000 after purchasing an additional 182,305 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Nordson in the 1st quarter valued at about $29,125,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.