Nordson Co. (NASDAQ:NDSN) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its holdings in Nordson Co. (NASDAQ:NDSN) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,396 shares of the industrial products company’s stock after selling 221 shares during the period. Axxcess Wealth Management LLC’s holdings in Nordson were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NDSN. SG Americas Securities LLC lifted its stake in shares of Nordson by 80.8% in the 1st quarter. SG Americas Securities LLC now owns 5,680 shares of the industrial products company’s stock valued at $1,559,000 after purchasing an additional 2,539 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Nordson in the 1st quarter valued at $55,000. QRG Capital Management Inc. lifted its stake in shares of Nordson by 8.8% in the 1st quarter. QRG Capital Management Inc. now owns 1,271 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 103 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Nordson by 4.7% in the 1st quarter. Russell Investments Group Ltd. now owns 63,427 shares of the industrial products company’s stock valued at $17,414,000 after purchasing an additional 2,827 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of Nordson in the 1st quarter valued at $213,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now owns 8,659 shares in the company, valued at approximately $2,164,576.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $299.00.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $257.61 on Wednesday. The stock’s 50-day moving average is $254.08 and its two-hundred day moving average is $246.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the prior year, the business earned $2.35 EPS. Nordson’s revenue was up 2.0% on a year-over-year basis. Analysts forecast that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson 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.