Nordson Co. (NASDAQ:NDSN) EVP Sells $2,018,380.00 in Stock

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Nordson Co. (NASDAQ:NDSN) EVP Gregory P. Merk sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $144.17, for a total value of $2,018,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nordson stock opened at $146.77 on Friday. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.48 and a beta of 1.20. Nordson Co. has a 52-week low of $110.16 and a 52-week high of $149.23. The stock’s 50 day moving average price is $141.67 and its two-hundred day moving average price is $138.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.57 and a current ratio of 2.21.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.18). The business had revenue of $559.75 million for the quarter, compared to the consensus estimate of $587.74 million. Nordson had a return on equity of 21.96% and a net margin of 14.74%. Nordson’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share. On average, equities research analysts forecast that Nordson Co. will post 5.93 EPS for the current year.

Several analysts recently commented on NDSN shares. Longbow Research set a $160.00 target price on Nordson and gave the company a “buy” rating in a report on Friday, August 23rd. ValuEngine cut Nordson from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. DA Davidson reduced their target price on Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating and set a $148.00 target price on the stock. in a report on Monday, July 1st. Finally, BidaskClub upgraded Nordson from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Nordson presently has an average rating of “Hold” and a consensus price target of $143.83.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Nordson by 5.5% during the 2nd quarter. BlackRock Inc. now owns 4,990,403 shares of the industrial products company’s stock worth $705,194,000 after buying an additional 262,385 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in shares of Nordson by 0.5% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,581,120 shares of the industrial products company’s stock worth $223,428,000 after buying an additional 7,343 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Nordson by 0.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,234,900 shares of the industrial products company’s stock worth $174,504,000 after buying an additional 11,014 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Nordson by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 706,673 shares of the industrial products company’s stock worth $99,860,000 after buying an additional 10,102 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Nordson by 7.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 673,805 shares of the industrial products company’s stock worth $95,216,000 after buying an additional 45,785 shares in the last quarter. Hedge funds and other institutional investors own 68.77% of the company’s stock.

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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