Nordson (NASDAQ:NDSN) EVP Joseph Kelley Sells 2,300 Shares

Nordson Corporation (NASDAQ:NDSN) EVP Joseph Kelley sold 2,300 shares of the stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $232.39, for a total transaction of $534,497.00. Following the transaction, the executive vice president owned 8,605 shares of the company’s stock, valued at $1,999,715.95. This trade represents a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nordson Price Performance

NDSN stock opened at $235.66 on Tuesday. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $225.77 and a two-hundred day simple moving average of $212.03. The firm has a market capitalization of $13.24 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The business had revenue of $646.86 million during the quarter. Analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.4%. This is an increase from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. Nordson’s dividend payout ratio (DPR) is 41.21%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NDSN shares. Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a report on Wednesday, October 8th. Oppenheimer raised their target price on shares of Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. KeyCorp raised their target price on shares of Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Jefferies Financial Group restated a “hold” rating and issued a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. Finally, Robert W. Baird raised their target price on shares of Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in Nordson by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company’s stock worth $486,000 after buying an additional 67 shares during the period. DAVENPORT & Co LLC increased its stake in Nordson by 18.7% in the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company’s stock worth $535,000 after buying an additional 418 shares during the period. Amalgamated Bank increased its stake in Nordson by 1.2% in the 1st quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company’s stock worth $2,153,000 after buying an additional 127 shares during the period. Teacher Retirement System of Texas purchased a new position in Nordson in the 1st quarter worth about $1,599,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Nordson by 4.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company’s stock valued at $51,088,000 after purchasing an additional 9,679 shares during the period. Hedge funds and other 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.