Nordson (NASDAQ:NDSN) Given Neutral Rating at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Nordson (NASDAQ:NDSN) in a research report released on Friday, MarketBeat.com reports. The firm currently has a $237.00 price objective on the industrial products company’s stock, down from their prior price objective of $294.00.

Nordson Stock Down 1.2 %

Shares of NASDAQ:NDSN opened at $226.46 on Friday. Nordson has a 52 week low of $222.18 and a 52 week high of $279.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market capitalization of $12.95 billion, a PE ratio of 27.92, a PEG ratio of 1.85 and a beta of 0.90. The company has a 50 day moving average price of $253.99 and a two-hundred day moving average price of $245.93.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts forecast that Nordson will post 10.35 earnings per share for the current year.

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This represents a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,629 shares of company stock valued at $914,400. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Nordson

Several large investors have recently made changes to their positions in NDSN. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nordson during the second quarter worth $27,000. Tortoise Investment Management LLC increased its position in shares of Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 58 shares in the last quarter. Blue Trust Inc. boosted its holdings in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Nordson during the second quarter worth $46,000. Finally, UMB Bank n.a. boosted its holdings in Nordson by 2,387.5% during the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 191 shares during 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.