The stock is trading at $126.69 which is slightly above $120.49, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $121.19. The 50 day moving average moved up $6.20 and the 200 day average moved up $5.50. Trading volume for Nordson Corporation was 346K by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 57.45% over the normal average daily volume.
Short traders are more bearish on shares of Nordson Corporation lately if you take into consideration the rise in short interest. The firm realized a rise in short interest between September 29, 2017 and October 13, 2017 of 4.97%. Short shares increased from 1,357,871 to 1,425,372 over that period. With short interest at 1,425,372 and short average daily volume at 233,101, the short-interest ratio is 6.0 and the short interest percentage is 0.02% as of October 13.
There has been some selling insider activity on Nordson Corporation (NASDAQ:NDSN) recently. James E. Devries, VP disclosed the sale of 5,000 shares of NDSN stock. The shares were purchased at an average price of $118.01. The VP now owns $4,396,109 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. Raymond James Financial Services Advisors, Inc. reduced its holdings by selling 292 shares a decrease of 7.4% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. controls 3,669 shares worth $435,000. The value of the position overall is down by 9.6%. Aperio Group, LLC expanded its investment by buying 1,060 shares an increase of 5.5% in the quarter. Aperio Group, LLC owns 20,456 shares with a value of $2,424,000. The total value of its holdings increased 3.0%.
Cornerstone Advisors, Inc. trimmed its ownership by selling 110 shares a decrease of 27.0%. Cornerstone Advisors, Inc. claims 297 shares valued at $35,000. The total value of its holdings decreased 28.6%. Parametrica Management Ltd cut its position by selling 505 shares a decrease of 19.4% as of 09/30/2017. Parametrica Management Ltd now controls 2,099 shares worth $249,000. The total value of its holdings decreased 21.2%.
In the market the company is trading up since yesterday’s close of $126.69. Additionally the company recently announced a dividend for shareholders that was paid on Tuesday the 5th of September 2017. The dividend payment was $0.300 per share for the quarter which is $1.20 annualized. This dividend amount was represent a yield of $0.95. The ex-dividend date was set for Friday the 18th of August 2017.
The company currently has a P/E ratio of 25.19 and the market value is 7.31B. As of the last earnings report the EPS was $5.03 and is estimated to be $5.32 for the current year with 57,692,000 shares outstanding. Analysts expect next quarter’s EPS will 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..