The Insider Selling: Nordson Corp. (NDSN) Director Sold $374,388.48 in Stock

The Insider Selling: Nordson Corp. (NDSN) Director Sold $374,388.48 in Stock

Nordson Corp. (NASDAQ:NDSN) Director Mary G. Puma sold 3,768 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $99.36, for a total transaction 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 filing with the SEC, which can be accessed through this link.

Shares of Nordson Corp. (NASDAQ:NDSN) opened at 99.04 on Friday. The stock has a 50 day moving average price of $98.47 and a 200-day moving average price of $86.63. Nordson Corp. has a 52 week low of $51.89 and a 52 week high of $102.20. The company has a market capitalization of $5.66 billion, a PE ratio of 23.35 and a beta of 1.33.

Nordson Corp. (NASDAQ:NDSN) last released its earnings results on Monday, August 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 prior year, the firm earned $1.16 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Nordson Corp. will post $4.51 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors L.L.C. boosted its position in Nordson Corp. by 3.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 11,800 shares of the company’s stock worth $897,000 after buying an additional 400 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Nordson Corp. during the first quarter worth about $707,000. Prudential Financial Inc. boosted its position in Nordson Corp. by 21.3% in the first quarter. Prudential Financial Inc. now owns 55,921 shares of the company’s stock worth $4,252,000 after buying an additional 9,830 shares in the last quarter. BlackRock Inc. boosted its position in Nordson Corp. by 15.3% in the first quarter. BlackRock Inc. now owns 72,223 shares of the company’s stock worth $5,492,000 after buying an additional 9,577 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Nordson Corp. by 7.5% in the first quarter. BlackRock Group LTD now owns 79,118 shares of the company’s stock worth $6,016,000 after buying an additional 5,531 shares in the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.

NDSN has been the topic of several research reports. Gabelli started coverage on shares of Nordson Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $100.00 price target on the stock. Zacks Investment Research downgraded shares of Nordson Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Wunderlich upped their target price on shares of Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Barrington Research upped their target price on shares of Nordson Corp. from $102.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 23rd. Finally, Royal Bank Of Canada cut their target price on shares of Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 24th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.90.

Nordson Corp. Company Profile

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