Nordson Corp (NDSN) faces turbulence as it sells off
6,935 shares and resorts to
M&A for growth while organic growth lags. Despite contrary return trends, it maintains strong institutional support, seen in its 75% institutional ownership and stock purchase by Janney Montgomery Scott LLC and Copeland Capital Management LLC. Though Nordson faces layoffs and reduction in earnings guidance, it successfully completes the Atrion acquisition, increasing its dividend to $0.78. This has earned the company an upgrade to Buy. Plans for
Q3 2024 earnings indicate bolstered medical portfolio through an $800 million acquisition, and issuing $600 million in new debt securities. Nordson's stock holdings decrease by Boston Financial Management LLC, while Boston Trust Walden Corp, CHB Investment Group and Vest Financial LLC have increased their holdings. Nordson plans to host Investor day in New York, projecting growth despite evident market woes. Nordson sees
81% returns for investors who have supported them for the past five years and announced agreement to acquire Atrion Corporation showcasing commitment to healthcare technologies. New office-bearers include Daniel Hopgood as CFO, projecting a promising future. The corporation also acquires Sonoscan and ACE Production Technologies, Inc., broadening its capabilities in the electronics markets.
Nordson Corp NDSN News Analytics from Mon, 04 Aug 2014 07:00:00 GMT to Fri, 08 Nov 2024 17:44:45 GMT -
Rating -2
- Innovation 4
- Information 8
- Rumor -1
