Nordson Co. (NASDAQ:NDSN) insider Michael F. Hilton sold 1,400 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $164.06, for a total value of $229,684.00. Following the sale, the insider now directly owns 197,285 shares in the company, valued at $32,366,577.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael F. Hilton also recently made the following trade(s):
- On Friday, October 18th, Michael F. Hilton sold 12,100 shares of Nordson stock. The stock was sold at an average price of $146.22, for a total value of $1,769,262.00.
NASDAQ:NDSN opened at $162.84 on Thursday. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.59 and a beta of 1.22. Nordson Co. has a 1-year low of $111.85 and a 1-year high of $168.98. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average price is $164.45 and its 200 day moving average price is $147.43.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $1.79 earnings per share for the quarter, meeting the consensus estimate of $1.79. The firm had revenue of $585.45 million for the quarter, compared to analyst estimates of $598.16 million. Nordson had a return on equity of 22.74% and a net margin of 15.36%. Nordson’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 earnings per share. Equities analysts forecast that Nordson Co. will post 6.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, December 19th. Nordson’s payout ratio is 25.89%.
A number of large investors have recently bought and sold shares of NDSN. FMR LLC raised its position in Nordson by 7,456.8% during the first quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock valued at $6,369,000 after buying an additional 47,425 shares during the period. BB&T Securities LLC increased its position in Nordson by 6.7% in the 2nd quarter. BB&T Securities LLC now owns 5,544 shares of the industrial products company’s stock worth $783,000 after purchasing an additional 346 shares during the last quarter. Sawtooth Solutions LLC acquired a new position in Nordson in the 2nd quarter worth about $209,000. Prudential Financial Inc. increased its position in Nordson by 7.0% in the 2nd quarter. Prudential Financial Inc. now owns 34,683 shares of the industrial products company’s stock worth $4,901,000 after purchasing an additional 2,270 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in Nordson by 0.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 18,216 shares of the industrial products company’s stock worth $2,574,000 after purchasing an additional 120 shares during the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. ValuEngine lowered Nordson from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub lowered Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Co upped their price target on Nordson from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Robert W. Baird raised Nordson from a “neutral” rating to an “outperform” rating and upped their price target for the company from $149.00 to $188.00 in a research report on Friday, December 13th. Finally, Oppenheimer lowered Nordson from an “outperform” rating to a “market perform” rating and set a $155.00 price target on the stock. in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $156.57.
About Nordson
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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