Nordson Corporation (NASDAQ:NDSN) Stock Traded Over Its 50 Day Average


Company shares last traded at $125.49 a tad higher than $118.01, the stock’s 50 day moving average and which is just over the 200 day moving average of $120.99. The 50 day moving average went up $7.48 or +6.33% whereas the 200 day moving average was up $4.50 or +3.72%. Nordson Corporation shares had a trading volume of 146K by the end of trading on Tuesday. Trading volume was down 60.31% under the stocks average daily volume.

Investors are more bullish on shares of Nordson Corporation recently considering the downtick in short interest. The stock experienced a fall in short interest of -1.49% between September 15, 2017 and September 29, 2017. Short interest fell 20,535 over that timeframe. With short interest at 1,357,871 and short average daily volume at 244,415, days to cover is 6.0 and the percentage of shorted shares is 0.02% as of September 29.

Nordson Corporation (NASDAQ:NDSN) has been the object of insider selling activity recently. VP James E. Devries sold 5,000 shares at an average price of $118.01 on Mon the 25th. That brings the VP’s holdings to $4,396,109 as reported to the SEC.

These firms have modified their investment in NDSN. As of quarter end Howe & Rusling Inc had disposed of a total of 593 shares trimming its position 18.5%. The value of the investment in Nordson Corporation went from $389,000 to $309,000 a change of $80,000 quarter over quarter. As of the end of the quarter Albert D Mason Inc had bought 2,370 shares growing its stake by 36.6%. The value of the investment in NDSN increased from $785,000 to $1,047,000 increasing 33.4% for the reporting period.

As of the end of the quarter State Treasurer State Of Michigan had disposed of a total of 3,000 shares trimming its holdings by 13.6%. The value in dollars decreased from $2,676,000 to $2,259,000 a change of 15.6% quarter to quarter. Robeco Institutional Asset Management B.v. downsized its stake by selling 5,141 shares a decrease of 12.3%. Robeco Institutional Asset Management B.v. owns 36,780 shares valued at $4,359,000. The total value of its holdings decreased 14.3%.

In the market the company is trading up since yesterday’s close of 124.66. Nordson Corporation declared a dividend paid on Tuesday the 5th of September 2017. The dividend payment was $0.300 per share for the quarter which comes to $1.20 on an annualized basis. This dividend represents a yield of $0.98. The ex-dividend date was Friday the 18th of August 2017.

Nordson Corporation currently has a P/E ratio of 24.95 and the market cap is 7.24B. In the latest earnings report the EPS was $5.03 and is estimated to be $5.32 for the current year with 57,692,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.95 with next year’s EPS anticipated to be $5.82.

Nordson Corporation, launched on October 17, 1935, engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company serves a range of consumer non-durable, consumer durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, building and construction, and general product assembly and finishing. The Business’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems. Its technology-based systems can be found in manufacturing facilities around the world producing a range of goods for consumer durable, consumer non-durable and technology end markets..