Nordson Sees Unusually Large Options Volume (NDSN)

Nordson Co. (NASDAQ:NDSN) was the target of unusually large options trading activity on Thursday. Stock investors purchased 2,850 call options on the company. This is an increase of 1,557% compared to the average daily volume of 172 call options.

In other Nordson news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the sale, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Nordson during the 2nd quarter valued at approximately $104,000. D.A. Davidson & CO. lifted its stake in shares of Nordson by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Nordson by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,507 shares in the last quarter. Finally, Opus Capital Group LLC purchased a new stake in shares of Nordson during the 2nd quarter valued at approximately $208,000. Institutional investors own 65.76% of the company’s stock.

Nordson (NDSN) opened at $142.17 on Tuesday. Nordson has a 52-week low of $107.16 and a 52-week high of $150.48. The firm has a market cap of $8,357.13, a P/E ratio of 26.96, a PEG ratio of 1.63 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.47 and a current ratio of 1.37.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm had revenue of $574.00 million during the quarter, compared to the consensus estimate of $546.76 million. During the same period in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. sell-side analysts anticipate that Nordson will post 5.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, December 18th. Nordson’s dividend payout ratio is currently 23.62%.

A number of brokerages have issued reports on NDSN. SunTrust Banks upped their price objective on shares of Nordson to $166.00 and gave the stock a “buy” rating in a research report on Friday. Gabelli downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reissued a “buy” rating and set a $160.00 target price on shares of Nordson in a research report on Wednesday, December 13th. Oppenheimer reissued a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of Nordson from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Nordson currently has an average rating of “Buy” and an average target price of $145.40.

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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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