NDSN - Insider Confidence On Display: Sundaram Nagarajan Acquires $2.92M In Nordson Stock | Benzinga
On January 11, a substantial insider purchase was made by Sundaram Nagarajan, President and CEO at Nordson (NASDAQ:NDSN), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled that Nagarajan made a notable purchase of 11,554 shares of Nordson, valuing at $2,921,197.
At Thursday morning, Nordson shares are up by 0.1%, trading at $250.88.
Get to Know Nordson Better
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: Nordson's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 5.23%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth ...