Nordson (NDSN) to Release Quarterly Earnings on Wednesday

Nordson (NASDAQ:NDSN) will release its earnings data after the market closes on Wednesday, December 11th. Analysts expect Nordson to post earnings of $2.59 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Nordson Trading Down 0.3 %

Shares of NDSN opened at $258.44 on Wednesday. The stock has a 50 day simple moving average of $255.79 and a 200-day simple moving average of $245.69. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The stock has a market cap of $14.78 billion, a PE ratio of 31.48, a PEG ratio of 1.93 and a beta of 0.90. Nordson has a 1 year low of $222.18 and a 1 year high of $279.38.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price objective 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $299.00.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock worth $914,400 in the last three months. Insiders own 0.86% of the company’s stock.

About Nordson

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.