It was revealed in a recent SEC filing that James E DeVries, Executive Vice President at Nordson (NASDAQ:NDSN) made a noteworthy insider purchase on January 11,.
What Happened: DeVries demonstrated confidence in Nordson by purchasing 1,691 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the transaction is $427,535.
At Thursday morning, Nordson shares are down by 0.0%, trading at $250.62.
Delving into Nordson's Background
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: A Financial Overview
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. As compared to competitors, the company encountered difficulties, ...