Axxcess Wealth Management LLC Grows Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Axxcess Wealth Management LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,714 shares of the industrial products company’s stock after acquiring an additional 76 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Nordson were worth $745,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NDSN. Tobam increased its stake in Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Quent Capital LLC increased its stake in shares of Nordson by 64.9% in the fourth quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 48 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Nordson in the first quarter worth $55,000. Christopher J. Hasenberg Inc acquired a new stake in shares of Nordson in the first quarter worth $58,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Nordson in the first quarter worth $67,000. Institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

NDSN has been the topic of a number of recent analyst reports. DA Davidson lowered their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Robert W. Baird lowered their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Finally, StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $279.40.

Nordson Trading Up 2.2 %

Nordson stock traded up $5.40 during midday trading on Friday, hitting $245.95. 234,406 shares of the stock were exchanged, compared to its average volume of 232,890. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.91 and a beta of 0.91. The stock’s 50-day simple moving average is $234.30 and its 200 day simple moving average is $253.27. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The company had revenue of $650.64 million during the quarter, compared to the consensus estimate of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.26 earnings per share. On average, equities analysts anticipate that Nordson Co. will post 9.52 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were issued a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.11%. Nordson’s payout ratio is 32.42%.

About Nordson

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.