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

Axxcess Wealth Management LLC lowered its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 42.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares during the last quarter. Quarry LP bought a new position in shares of Nordson during the 3rd quarter valued at $109,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Nordson during the 4th quarter valued at $179,000. Institutional investors own 72.11% of the company’s stock.

Insider Activity at Nordson

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

Wall Street Analysts Forecast Growth

NDSN has been the topic of several recent research reports. DA Davidson reduced their target price 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. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a research report on Tuesday, March 4th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and an average price target of $256.20.

Nordson Trading Down 0.9 %

NASDAQ:NDSN opened at $203.86 on Friday. The company has a 50-day moving average price of $213.54 and a 200-day moving average price of $233.70. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. 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 stock has a market cap of $11.60 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.65 and a beta of 0.92.

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

Nordson Dividend Announcement

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

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.