Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough Sells 87 Shares

Nordson Co. (NASDAQ:NDSN) EVP Jennifer L. Mcdonough sold 87 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $261.97, for a total value of $22,791.39. Following the transaction, the executive vice president now directly owns 3,124 shares in the company, valued at $818,394.28. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nordson Price Performance

Nordson stock traded down $7.00 during trading hours on Tuesday, hitting $256.62. The stock had a trading volume of 97,995 shares, compared to its average volume of 232,044. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.94 and a beta of 0.90. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The stock’s fifty day moving average is $255.48 and its two-hundred day moving average is $246.20.

Analyst Ratings Changes

Separately, Robert W. Baird upped their target price on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $299.00.

Institutional Trading of Nordson

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