Nordson Corp. (NASDAQ:NDSN) Director Mary G. Puma sold 3,768 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $99.36, for a total value of $374,388.48. Following the transaction, the director now owns 24,218 shares in the company, valued at approximately $2,406,300.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Nordson Corp. (NASDAQ:NDSN) opened at 99.04 on Friday. The firm has a market cap of $5.66 billion, a P/E ratio of 23.35 and a beta of 1.33. The firm has a 50 day moving average price of $98.47 and a 200-day moving average price of $86.63. Nordson Corp. has a one year low of $51.89 and a one year high of $102.20.
Nordson Corp. (NASDAQ:NDSN) last announced its earnings results on Monday, August 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. The firm had revenue of $489.89 million for the quarter. During the same quarter in the previous year, the firm earned $1.16 EPS. Nordson Corp.’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Nordson Corp. will post $4.51 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont increased its position in shares of Nordson Corp. by 3.8% in the second quarter. Trust Co. of Vermont now owns 1,245 shares of the company’s stock worth $104,000 after buying an additional 45 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Nordson Corp. during the second quarter worth $106,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Nordson Corp. during the second quarter worth $121,000. Glenmede Trust Co. NA increased its position in shares of Nordson Corp. by 3.1% in the second quarter. Glenmede Trust Co. NA now owns 1,622 shares of the company’s stock worth $135,000 after buying an additional 49 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Nordson Corp. by 3.6% in the second quarter. Citigroup Inc. now owns 1,771 shares of the company’s stock worth $148,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.
A number of equities analysts have recently weighed in on NDSN shares. Zacks Investment Research lowered Nordson Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Barrington Research increased their target price on Nordson Corp. from $102.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 23rd. Wunderlich increased their target price on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Robert W. Baird lowered their target price on Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. lowered their target price on Nordson Corp. from $90.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, August 25th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Nordson Corp. has an average rating of “Buy” and a consensus target price of $103.90.
Nordson Corp. Company Profile
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