Joseph P Kelley, Executive Vice President at Nordson (NASDAQ:NDSN), disclosed an insider purchase on January 11, based on a new SEC filing.
What Happened: Kelley's recent purchase of 2,663 shares of Nordson, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, reflects confidence in the company's potential. The total transaction value is $673,286.
The latest update on Thursday morning shows Nordson shares 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.
Nordson: Delving into Financials
Revenue Growth: Nordson's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2023, the company achieved a revenue growth rate of approximately 5.23%. This indicates a substantial increase in the company's ...