Nordson Corporation $NDSN Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Nordson position by 85.9% in the third quarter, selling 8,952 shares and retaining 1,465 shares worth approximately $480,000. Institutional investors and hedge funds collectively own 72.11% of Nordson.
• Nordson reported quarterly revenue of $817.67 million and earnings of $3.25 per share, exceeding analyst estimates, while revenue increased 10.3% year over year. The company also raised its quarterly dividend to $0.94, representing a 1.2% yield.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds, producing a “Moderate Buy” consensus and a $326.57 average price target. Nordson shares recently opened at $318.84.

Axxcess Wealth Management LLC decreased its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 85.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,465 shares of the industrial products company's stock after selling 8,952 shares during the quarter. Axxcess Wealth Management LLC's holdings in Nordson were worth $480,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC bought a new position in Nordson in the 3rd quarter valued at $226,000. Quadrant Capital Group LLC grew its holdings in Nordson by 2.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,158 shares of the industrial products company's stock worth $713,000 after acquiring an additional 56 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Nordson by 4.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 14,939 shares of the industrial products company's stock worth $4,912,000 after acquiring an additional 594 shares during the last quarter. Diversify Advisory Services LLC increased its position in Nordson by 15.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,097 shares of the industrial products company's stock valued at $361,000 after acquiring an additional 150 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Nordson by 3.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,364 shares of the industrial products company's stock valued at $5,037,000 after acquiring an additional 530 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $318.84 on Monday. The firm has a market capitalization of $17.76 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Nordson Corporation has a 1 year low of $223.29 and a 1 year high of $339.12. The firm's 50-day moving average is $322.52 and its 200-day moving average is $300.95.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The company had revenue of $817.67 million during the quarter, compared to analysts' expectations of $779.49 million. During the same quarter in the previous year, the company earned $2.73 EPS. Nordson's revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts expect that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were given a $0.94 dividend. The ex-dividend date was Thursday, September 10th. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is an increase from Nordson's previous quarterly dividend of $0.82. Nordson's dividend payout ratio is 38.02%.

Insider Transactions at Nordson

In related news, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares of the company's stock, valued at $1,590,551.82. The trade was a 21.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total value of $211,615.92. Following the sale, the chief accounting officer directly owned 2,134 shares of the company's stock, valued at approximately $660,216.92. This trade represents a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,273 shares of company stock worth $743,247 in the last three months. Insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NDSN. Robert W. Baird boosted their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Oppenheimer increased their price objective on Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, August 21st. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. DA Davidson restated a "buy" rating and set a $345.00 target price on shares of Nordson in a research report on Thursday, August 20th. Finally, KeyCorp restated a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Nordson presently has an average rating of "Moderate Buy" and a consensus price target of $326.57.

About Nordson

Nordson Corporation NASDAQ: NDSN is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson's products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.