James E. Devries Sells 5,800 Shares of Nordson Co. (NDSN) Stock

Nordson Co. (NASDAQ:NDSN) VP James E. Devries sold 5,800 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total transaction of $863,388.00. Following the transaction, the vice president now owns 46,222 shares of the company’s stock, valued at approximately $6,880,606.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nordson Co. (NASDAQ:NDSN) opened at $151.14 on Friday. 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 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The stock has a market cap of $8,840.00, a P/E ratio of 30.05, a PEG ratio of 1.61 and a beta of 1.39.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The company had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. Nordson’s quarterly revenue was up 12.8% compared to the same quarter last year. sell-side analysts forecast that Nordson Co. will post 6.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is currently 23.86%.

NDSN has been the subject of a number of analyst reports. SunTrust Banks restated a “buy” rating and set a $135.00 price target on shares of Nordson in a research note on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $138.00 price target on shares of Nordson in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Nordson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. B. Riley restated a “buy” rating and set a $160.00 price target on shares of Nordson in a research note on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and set a $145.00 price target on shares of Nordson in a research note on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Nordson currently has a consensus rating of “Buy” and a consensus price target of $147.40.

Several large investors have recently bought and sold shares of NDSN. Mckinley Capital Management LLC Delaware bought a new position in shares of Nordson in the second quarter valued at approximately $104,000. D.A. Davidson & CO. raised its stake in shares of Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Nordson by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,507 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Nordson in the second quarter valued at approximately $210,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Nordson in the fourth quarter valued at approximately $234,000. Institutional investors own 65.67% of the company’s stock.

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About Nordson

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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