Nordson Co. (NASDAQ:NDSN) VP Shelly Peet sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $148.90, for a total transaction of $2,233,500.00. Following the completion of the sale, the vice president now directly owns 29,170 shares of the company’s stock, valued at approximately $4,343,413. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Nordson Co. (NASDAQ NDSN) traded down $0.84 during mid-day trading on Friday, reaching $149.34. 199,585 shares of the company traded hands, compared to its average volume of 323,921. The stock has a market capitalization of $8,620.00, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.10. Nordson Co. has a 12 month low of $107.16 and a 12 month high of $151.84.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. Nordson’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. analysts anticipate that Nordson Co. will post 6.24 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP increased its holdings in Nordson by 175.7% during the third quarter. GSA Capital Partners LLP now owns 6,467 shares of the industrial products company’s stock valued at $766,000 after buying an additional 4,121 shares during the period. Independent Advisor Alliance increased its holdings in Nordson by 13.6% during the third quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock valued at $668,000 after buying an additional 657 shares during the period. California Public Employees Retirement System increased its holdings in Nordson by 3.4% during the third quarter. California Public Employees Retirement System now owns 130,116 shares of the industrial products company’s stock valued at $15,419,000 after buying an additional 4,316 shares during the period. Jane Street Group LLC increased its holdings in Nordson by 361.8% during the third quarter. Jane Street Group LLC now owns 12,916 shares of the industrial products company’s stock valued at $1,531,000 after buying an additional 10,119 shares during the period. Finally, Vident Investment Advisory LLC grew its holdings in Nordson by 81.5% in the third quarter. Vident Investment Advisory LLC now owns 113,247 shares of the industrial products company’s stock worth $13,420,000 after purchasing an additional 50,847 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on NDSN. KeyCorp reaffirmed a “buy” rating and set a $165.00 price target (up previously from $145.00) on shares of Nordson in a research note on Wednesday. SunTrust Banks lifted their price target on shares of Nordson to $166.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Gabelli downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. B. Riley reaffirmed a “buy” rating and set a $160.00 price target on shares of Nordson in a research note on Wednesday, December 13th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Nordson presently has an average rating of “Buy” and an average target price of $147.40.
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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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