Nordson Co. (NDSN) CEO Michael F. Hilton Sells 4,000 Shares

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Nordson Co. (NASDAQ:NDSN) CEO Michael F. Hilton sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $137.98, for a total transaction of $551,920.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NDSN stock traded down $2.57 during midday trading on Thursday, hitting $133.22. The stock had a trading volume of 25,566 shares, compared to its average volume of 258,992. The company has a quick ratio of 1.77, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. Nordson Co. has a 52-week low of $110.16 and a 52-week high of $146.84. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.63 and a beta of 1.12.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.21). Nordson had a net margin of 14.59% and a return on equity of 23.01%. The firm had revenue of $497.91 million for the quarter, compared to the consensus estimate of $497.99 million. During the same period in the previous year, the company posted $1.35 earnings per share. Nordson’s quarterly revenue was down 9.5% on a year-over-year basis. Equities research analysts expect that Nordson Co. will post 6.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th will be issued a $0.35 dividend. The ex-dividend date is Monday, February 25th. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. Nordson’s dividend payout ratio (DPR) is presently 23.57%.

Several hedge funds have recently bought and sold shares of the company. Doyle Wealth Management acquired a new stake in shares of Nordson in the fourth quarter valued at $30,000. Penserra Capital Management LLC purchased a new stake in Nordson in the 4th quarter worth approximately $36,000. Bessemer Group Inc. purchased a new stake in shares of Nordson during the 4th quarter valued at $66,000. Bremer Trust National Association acquired a new position in Nordson in the 4th quarter worth $68,000. Finally, Ancora Advisors LLC bought a new stake in shares of Nordson in the 3rd quarter worth about $115,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

Several research firms recently commented on NDSN. Zacks Investment Research lowered shares of Nordson from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday. ValuEngine downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Gabelli reaffirmed a “hold” rating on shares of Nordson in a report on Tuesday, December 18th. Finally, CIBC upgraded shares of Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Tuesday, January 8th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Nordson presently has an average rating of “Hold” and an average price target of $143.57.

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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. 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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