NDSN - Nordson Executive Vice President Trades $127K In Company Stock | Benzinga
A notable insider purchase on January 11, was reported by Srinivas Subramanian, Executive Vice President at Nordson (NASDAQ:NDSN), based on the most recent SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Subramanian increased their investment in Nordson by purchasing 503 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $127,173.
Monitoring the market, Nordson's shares up by 0.1% at $250.88 during Thursday's morning.
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.
Nordson: Financial Performance Dissected
Positive Revenue Trend: Examining Nordson's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.23% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company ...