Nordson Corp (NDSN): Robert E Veillette , VP, General Counsel & Sec of Nordson Corp sold 6,500 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $87.78 per share for a total value of $570,155.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Jeffrey A Pembroke (Vice President) sold 2,600 shares at $89.00 per share price.On May 31, 2016, John J Keane (Senior Vice President) sold 3,120 shares at $87.56 per share price.Also, On May 31, 2016, Michael F Hilton (President & CEO) sold 4,949 shares at $87.50 per share price.On May 31, 2016, Douglas C Bloomfield (Vice President) sold 5,674 shares at $87.12 per share price.
Nordson Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Nordson Corporation which led to swings in the share price. The shares opened for trading at $86.27 and hit $87.3 on the upside , eventually ending the session at $87.03, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 3,45,630 shares. The 52-week high of the share price is $89.2 and the company has a market cap of $4,960 M . The 52-week low of the share price is at $51.89.
Company has been under the radar of several Street Analysts.Nordson Corporation is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 31, 2016.Nordson Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 88 from a previous price target of $74 .The Rating was issued on May 25, 2016.Nordson Corporation is Reiterated by Barrington Research to Outperform and the brokerage firm has raised the Price Target to $ 102 from a previous price target of $82 .The Rating was issued on May 25, 2016.Nordson Corporation is Initiated by KeyBanc Capital Mkts to Sector Weight. The Rating was issued on May 10, 2016.
Nordson Corporation 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 has three segments: Adhesive Dispensing Systems which delivers its precision dispensing and processing technology to diverse markets for applications that reduce material consumption increase line efficiency and enhance product strength durability brand and appearance; Advanced Technology Systems which integrates its product technologies found in progressive stages of a customer’s production process and Industrial Coating Systems which provides both standard and highly-customized equipment used for applying coatings paint finishes sealants and other materials and for curing and drying of dispensed material.