Nordson Co. (NASDAQ:NDSN) managed to surpass market estimates in terms of revenue for Q4, hitting a record high of $744M. The company has displayed a strong performance over recent years, outperforming underlying earnings growth. However, multiple factors have lowered Nordson's outlook for FY25. The company projects a revenue dip for FY25, citing weak farm equipment demand as a significant factor. As a result, the company's shares traded lower, with some shareholders scaling back their stakes. Nordson also announced a price target reassessment by DA Davidson, kicking it down to $285.00, alongside a rating downgrade to 'Hold' from Baird R W. Insiders at Nordson signaled caution, with EVP Jennifer McDonough selling off shares worth $68k and $22,791. Nordson, nevertheless, still enjoys a steady following among institutional investors, owning 75% of the company. It is considered a safe bet for dividend growth, and its balance sheet health is commendable. However, the stumble in projected revenue growth and the recent layoff of 114 employees reflect the increasing challenges the company faces.
Nordson Corp NDSN News Analytics from Tue, 21 May 2024 02:18:18 GMT to Sat, 14 Dec 2024 19:40:58 GMT -
Rating -2
- Innovation 2
- Information 4
- Rumor -4
