Stephen Lovass Sells 1,299 Shares of Nordson Co. (NASDAQ:NDSN) Stock

Nordson Co. (NASDAQ:NDSN) EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stephen Lovass also recently made the following trade(s):

• On Monday, December 2nd, Stephen Lovass sold 317 shares of Nordson stock. The shares were sold at an average price of $260.75, for a total value of $82,657.75.

Nordson Trading Down 1.6 %

Shares of NASDAQ:NDSN traded down $3.34 during trading on Wednesday, reaching $202.09. The company’s stock had a trading volume of 431,145 shares, compared to its average volume of 288,042. The stock has a market capitalization of $11.52 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. Nordson Co. has a 12 month low of $201.82 and a 12 month high of $279.38. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm’s 50 day simple moving average is $239.75 and its two-hundred day simple moving average is $243.68.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $2.46 EPS. On average, research analysts predict that Nordson Co. will post 10.34 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, January 2nd. Nordson’s dividend payout ratio is currently 38.47%.

Analyst Ratings Changes

Several analysts recently issued reports on NDSN shares. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Robert W. Baird reissued a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Institutional Investors Weigh In On Nordson

Several institutional investors have recently made changes to their positions in the company. Procyon Advisors LLC lifted its position in shares of Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 39 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after buying an additional 42 shares in the last quarter. Covestor Ltd boosted its position in Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares during the period. Finally, QRG Capital Management Inc. grew its stake in Nordson by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.