Nordson Co. (NASDAQ:NDSN) Stock Holdings Cut by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its position in Nordson Co. (NASDAQ:NDSN) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,617 shares of the industrial products company’s stock after selling 97 shares during the period. Axxcess Wealth Management LLC’s holdings in Nordson were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Nordson in the fourth quarter worth about $158,948,000. Public Employees Retirement Association of Colorado lifted its stake in Nordson by 1,579.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock valued at $91,762,000 after purchasing an additional 326,690 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Nordson by 289.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after purchasing an additional 193,421 shares during the last quarter. Swedbank AB bought a new stake in Nordson during the first quarter worth approximately $48,044,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Nordson by 237.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after acquiring an additional 174,330 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

NASDAQ NDSN opened at $260.03 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $14.89 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90. Nordson Co. has a 12-month low of $208.91 and a 12-month high of $279.38. The company has a 50 day moving average price of $244.83 and a two-hundred day moving average price of $249.97.

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

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is presently 37.19%.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of research reports. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Robert W. Baird boosted their price target on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $282.40.

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.