Nordson Co. (NASDAQ:NDSN) Insider Sells $448,608.00 in Stock

Nordson Co. (NASDAQ:NDSN) insider Jeffrey A. Pembroke sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $140.19, for a total transaction of $448,608.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ:NDSN opened at $137.51 on Friday. Nordson Co. has a 1 year low of $110.16 and a 1 year high of $149.23. The firm has a 50 day moving average price of $135.01. The company has a quick ratio of 1.53, a current ratio of 2.16 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $7.94 billion, a PE ratio of 23.15, a P/E/G ratio of 1.64 and a beta of 1.24.

Nordson (NASDAQ:NDSN) last posted its earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). Nordson had a net margin of 14.64% and a return on equity of 22.46%. The firm had revenue of $551.00 million during the quarter, compared to the consensus estimate of $558.34 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Nordson Co. will post 6.15 earnings per share for the current fiscal year.

NDSN has been the subject of a number of analyst reports. BidaskClub cut shares of Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, Oppenheimer raised their price target on shares of Nordson from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $139.60.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. grew its stake in shares of Nordson by 35.8% during the fourth quarter. Advisor Group Inc. now owns 5,415 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 1,428 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Nordson during the fourth quarter worth about $66,000. Dimensional Fund Advisors LP boosted its position in Nordson by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 433,004 shares of the industrial products company’s stock valued at $51,677,000 after buying an additional 71,786 shares during the last quarter. California State Teachers Retirement System boosted its position in Nordson by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 91,382 shares of the industrial products company’s stock valued at $10,906,000 after buying an additional 1,904 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Nordson by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 592,006 shares of the industrial products company’s stock valued at $70,655,000 after buying an additional 45,860 shares during the last quarter. Institutional investors own 68.91% 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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