NDSN - EVP At Nordson Buys $298K of Stock | Benzinga
On January 11, Jennifer L McDonough, EVP at Nordson (NASDAQ:NDSN) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, McDonough increased their investment in Nordson by purchasing 1,182 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $298,845.
The latest update on Thursday morning shows Nordson shares up by 0.1%, trading at $250.88.
About Nordson
Nordson is a manufacturer of equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers, among other equipment) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.6 billion in revenue in its fiscal 2023.
Key Indicators: Nordson's Financial Health
Revenue Growth: Over the 3 months period, Nordson showcased positive performance, achieving a revenue growth rate of 5.23% as of 31 October, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company ...