Investors are now less pessimistic about Nordson Corporation's (NASDAQ:NDSN) future than before. Shares in the company fluctuated as respected institutional players made strategic moves. Victory Capital Management and TimesSquare Capital Management decreased their holdings in the company, while Everpar Advisors, National Bank of Canada and Sapient Capital made new investments. Meanwhile, M&T bank and Cwm LLC reduced their holdings. Nordson's Q2 and Q1 earnings beat expectations and revenues rose year-over-year showing positive growth. Dividends for fiscal quarter Q3 and Q2 of 2024 were declared, suggesting the company's strong financial standing. New appointments were made with Daniel Hopgood as CFO and Annette Clayton as a new director. In other notable moves, Nordson completed the acquisition of ARAG, marking its entry into the precision agriculture market. However, insiders sold $1.8m of shares which may suggest hesitancy. The company also published its 2023 Environmental, Social, and Governance report, highlighting significant progress, but tempered its outlook for Fiscal 2023 following a decline in third-quarter results. Despite the volatility in the market, the company has been able to maintain its strong fundamentals.
Nordson Corp NDSN News Analytics from Mon, 04 Aug 2014 07:00:00 GMT to Sun, 12 May 2024 17:16:16 GMT -
Rating 6
- Innovation 5
- Information 5
- Rumor -3
