Insider Selling: Nordson Co. (NDSN) Director Sells 1,518 Shares of Stock

Nordson Co. (NASDAQ:NDSN) Director Joseph P. Keithley sold 1,518 shares of Nordson stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $149.89, for a total value of $227,533.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nordson Co. (NASDAQ NDSN) opened at $149.34 on Monday. The stock has a market capitalization of $8,623.73, a PE ratio of 29.40, a PEG ratio of 1.62 and a beta of 1.39. Nordson Co. has a 12-month low of $107.16 and a 12-month high of $151.84. 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 (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, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $546.76 million. During the same period in the previous year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts predict that Nordson Co. will post 6.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were given a $0.30 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. Nordson’s dividend payout ratio is presently 23.62%.

NDSN has been the subject of a number of research reports. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, October 24th. FBR & Co set a $160.00 target price on Nordson and gave the stock a “buy” rating in a research report on Monday, September 11th. SunTrust Banks restated a “buy” rating and set a $135.00 target price on shares of Nordson in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $145.00 target price on shares of Nordson in a research report on Sunday, November 19th. Finally, Robert W. Baird restated a “hold” rating and set a $138.00 target price on shares of Nordson in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Nordson has a consensus rating of “Buy” and an average target price of $147.40.

Several institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP grew its position in shares of Nordson by 175.7% in the 3rd quarter. GSA Capital Partners LLP now owns 6,467 shares of the industrial products company’s stock valued at $766,000 after purchasing an additional 4,121 shares during the period. Independent Advisor Alliance grew its position in shares of Nordson by 13.6% in the 3rd quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock valued at $668,000 after purchasing an additional 657 shares during the period. California Public Employees Retirement System grew its position in shares of Nordson by 3.4% in the 3rd quarter. California Public Employees Retirement System now owns 130,116 shares of the industrial products company’s stock valued at $15,419,000 after purchasing an additional 4,316 shares during the period. Jane Street Group LLC lifted its stake in Nordson by 361.8% in the 3rd quarter. Jane Street Group LLC now owns 12,916 shares of the industrial products company’s stock valued at $1,531,000 after acquiring an additional 10,119 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its stake in Nordson by 81.5% in the 3rd quarter. Vident Investment Advisory LLC now owns 113,247 shares of the industrial products company’s stock valued at $13,420,000 after acquiring an additional 50,847 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

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Nordson Company Profile

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.

Insider Buying and Selling by Quarter for Nordson (NASDAQ:NDSN)

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