Axxcess Wealth Management LLC Sells 1,008 Shares of Nordson Co. (NASDAQ:NDSN)

Axxcess Wealth Management LLC cut its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388 shares of the industrial products company’s stock after selling 1,008 shares during the period. Axxcess Wealth Management LLC’s holdings in Nordson were worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in shares of Nordson by 13.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after acquiring an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares during the last quarter. Holocene Advisors LP boosted its holdings in Nordson by 113.8% during the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after purchasing an additional 15,524 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its holdings in Nordson by 47.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NDSN. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson cut their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and boosted their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a research note on Tuesday, March 4th. Finally, Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.20.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Nordson Stock Performance

Shares of NDSN stock opened at $203.86 on Friday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 25.94, a PEG ratio of 1.65 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $213.54 and its 200 day moving average is $233.70. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

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.