Nordson Stock (NASDAQ:NDSN), Trade Ideas

Nordson

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.

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The Nasdaq 100 closed lower by over 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

HP, McDonald&#39;s And 2 Other Stocks Insiders Are Selling

Nordson Corp

Annette K Clayton, Board Member at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), disclosed an insider purchase on April 3, based on a new SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000055//Archives/edgar/data/72331/000007233124000055/0000072331-24-000055-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Clayton purchased 362 shares of Nordson, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $98,351.
Nordson shares are trading down 0.0% at $270.27 at the time of this writing on Wednesday morning.
<h3>Discovering Nordson: A Closer Look</h3>
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.
<h3>Key Indicators: Nordson's Financial Health</h3>
Revenue Growth: Nordson's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 3.72%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 55.03%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Nordson's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.92.
</li>
</ul>
Debt Management: Nordson's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.64, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 31.6 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 5.87, Nordson's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 21.02 reflects market recognition of Nordson's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Noteworthy Insider Activity: Annette K Clayton Invests $98K In Nordson Stock

<ul>
<li>Non-stop selective soldering delivers results during electronics manufacturing to increase throughput and flexibility while reducing footprint and cost-of-ownership</li>
</ul>

Nordson Unveils Synchro™ 3, A New Model In SELECT® Synchro™ Selective Soldering Equipment Family

At the end of today, March 05, 2024, Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) will distribute a dividend payout of $0.68 per share, translating to an annualized dividend yield of 1.07%. Shareholders who held the stock before the ex-dividend date on February 16, 2024 will benefit from this payout.
<h3>Nordson Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>1.07%</td>
<td>2024-02-07</td>
<td>2024-02-20</td>
<td>2024-03-05</td>
</tr>
<tr>
<td>2023-12-18</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>1.14%</td>
<td>2023-12-06</td>
<td>2023-12-19</td>
<td>2024-01-02</td>
</tr>
<tr>
<td>2023-08-21</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>1.11%</td>
<td>2023-08-09</td>
<td>2023-08-22</td>
<td>2023-09-05</td>
</tr>
<tr>
<td>2023-05-22</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.2%</td>
<td>2023-05-10</td>
<td>2023-05-23</td>
<td>2023-06-06</td>
</tr>
<tr>
<td>2023-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.06%</td>
<td>2023-02-08</td>
<td>2023-02-21</td>
<td>2023-03-07</td>
</tr>
<tr>
<td>2022-12-19</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.11%</td>
<td>2022-12-07</td>
<td>2022-12-20</td>
<td>2023-01-03</td>
</tr>
<tr>
<td>2022-08-22</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.13%</td>
<td>2022-08-10</td>
<td>2022-08-23</td>
<td>2022-09-06</td>
</tr>
<tr>
<td>2022-05-23</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.98%</td>
<td>2022-05-11</td>
<td>2022-05-24</td>
<td>2022-06-07</td>
</tr>
<tr>
<td>2022-02-18</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.88%</td>
<td>2022-02-09</td>
<td>2022-02-22</td>
<td>2022-03-08</td>
</tr>
<tr>
<td>2021-12-20</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.77%</td>
<td>2021-12-08</td>
<td>2021-12-21</td>
<td>2022-01-04</td>
</tr>
<tr>
<td>2021-08-23</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.92%</td>
<td>2021-08-11</td>
<td>2021-08-24</td>
<td>2021-09-07</td>
</tr>
<tr>
<td>2021-05-24</td>
<td style="text-align: right;">4</td>
<td>$0.39</td>
<td>0.75%</td>
<td>2021-05-12</td>
<td>2021-05-25</td>
<td>2021-06-08</td>
</tr>
</tbody>
</table>
When comparing Nordson's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) having the highest annualized dividend yield at 3.62%.
<h3>Analyzing Nordson Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709651130_0.png" alt="dividend chart graph" />
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.54 in 2020 to $2.66 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Nordson</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709651130_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Nordson's earnings per share, from $5.48 in 2020 to $9.02 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article takes an in-depth look at Nordson's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.68 per share today, translating to an annualized dividend yield of 1.07%.
When comparing Nordson's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Stanley Black &amp; Decker having the highest annualized dividend yield at 3.62%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Nordson indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Nordson's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Nordson Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards

Disclosed on February 28, James E DeVries, Executive Vice President at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: After conducting a thorough analysis, DeVries sold 5,800 shares of Nordson. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000044//Archives/edgar/data/72331/000007233124000044/0000072331-24-000044-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total transaction value is $1,576,034.
The latest update on Thursday morning shows Nordson shares up by 0.3%, trading at $267.76.
<h3>All You Need to Know About Nordson</h3>
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.
<h3>Nordson: Financial Performance Dissected</h3>
Revenue Growth: Nordson displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 3.72%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a high gross margin of 55.03%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Nordson's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.92.
</li>
</ul>
Debt Management: Nordson's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.64, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 31.22, Nordson's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 5.8, Nordson's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Nordson's EV/EBITDA ratio stands at 20.79, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Nordson Recent Insider Activity

DA Davidson analyst Matt Summerville maintains Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) with a Buy and raises the price target from $290 to $315.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on Nordson, Raises Price Target to $315

Keybanc analyst Jeffrey Hammond downgrades Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades Nordson to Sector Weight

WIIM

Nordson shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY24 guidance.

Investors pinned hopes on&nbsp;Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings to reinvigorate market momentum, and the AI leader delivered an impressive&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37255783/can-nvidia-join-apple-microsoft-in-2-trillion-club-today-heres-how-much-the-stock-n" target="_blank" rel="noreferrer noopener">beat-and-raise quarter</a>. This news buoyed major index futures in early Thursday trading, signaling a positive start to the day. Analysts have advocated seizing the recent market dip as a buying opportunity, amplifying anticipation for robust buying activity amidst prevalent FOMO sentiments.
However, market participants remain attentive to several factors shaping the day&#8217;s trading landscape, including scheduled Fed speeches, weekly jobless claims data, and private-sector activity readings.
Cues From Wednesday&#8217;s Trading:
Wednesday&#8217;s market session concluded with a mixed tone as investors digested hawkish Fed minutes, coupled with some disappointing tech earnings, while anxiously awaiting Nvidia&#8217;s report. Minutes from the January Federal Open Market Committee meeting revealed the central bank&#8217;s cautious stance on rate cuts, preferring to await clearer signals of sustainable inflation trends.
The day commenced with major indexes opening lower, maintaining a sideways trajectory, before deepening losses post-Fed minutes release. A late-session surge helped propel the S&amp;P 500 and Dow Industrials into positive territory, while the Nasdaq Composite, although ending lower, saw improvement from earlier lows, settling at its highest level since early February.
Energy and utility sectors led gains among the 11 S&amp;P 500 sector classes, while IT stocks experienced declines, reflecting the day&#8217;s mixed sentiment.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.32%</td>
<td>15,580.87</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.13%</td>
<td>4,981.80</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.13%</td>
<td>38,612.24</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.41%</td>
<td>2,004.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
Labor market indicators such as job creation, wages, and layoffs are key data that could be important for determining the sustainability of the market rally, said Morgan Stanley&#8217;s Lisa Shalett. &#8220;With equity valuations already rich, can today's economic strength translate to positive surprises in company earnings? The answer likely hinges on what happens in the U.S. labor market,&#8221; she said.
If the labor market remains tight, with more jobs than available workers, companies may be pressured to raise wages, Shalett said, adding this could boost consumer spending but weigh on company profits. On the other hand, additional slack in the labor market could result in increased productivity and higher corporate profits, she said. &#8220;But there's a risk that a decline in jobs could also bring down consumer spending,&#8221; she said.
The key question is whether the economy strikes a balance between the two sides of that scale, Shalett said.
Futures Today
 Futures Performance On Thursday (as of 7 am ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+2.16%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+1.35%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.40%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.60%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.33% to $503.80 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 2.14% to $434.73, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Labor Department is due to release its weekly jobless claims report at 8:30 a.m. ET. The number of individuals claiming unemployment benefits may have climbed to 217,000 in the week ended Feb. 17, up from 212,000 in the previous week.
S&amp;P Global is due to release its flash U.S. manufacturing and service sector readings at 9:45 a.m. ET. The manufacturing purchasing managers&#8217; index is expected to dip from 50.7 in January to 50.5 in February, while the service sector PMI may have edged down from 52.5 to 52.4. Both sectors are expected to stay barely above the &#8217;50&#8217; mark, which demarcates expansion and contraction.
The National Association of Realtors will release its existing home sales report for January at 10 a.m. ET. Economists, on average, expect existing home sales to come in at a seasonally-adjusted annual rate of 3.96 million units, slightly up from the previous quarter&#8217;s 3.78 million units.
Among the Fed officials making public appearances on Thursday are:
<ul>
<li>Fed Vice Chair Philip Jefferson: 10 a.m. ET</li>
<li>Philadelphia Fed President Patrick Harker: 3:15 a.m. ET</li>
<li>Fed Governor Lisa Cook: 5 p.m. ET</li>
<li>Minneapolis Fed President Neel Kashkari: 5 p.m. ET</li>
<li>Fed Gov. Christopher Waller: 7:35 p.m. ET</li>
</ul>
The Energy Information Administration is due to release its weekly petroleum status report at 11 a.m. ET.
The Treasury will auction four- and eight-week bills at 11:30 a.m. ET and 30-year TIPS at 1 p.m. ET.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Nvidia rose over 14% in premarket trading following its stellar quarterly performance.</li>
<li>Other stocks moving on earnings are Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) (down over 6.60%), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) (down over 8.5%), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) (down over 14%), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) (down over 4%) and Sunrun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NYSE">RUN</a>) (down about 3%).</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>), Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>), Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>), Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>) and Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) are among the notable companies due to report their quarterly results before the market open.</li>
<li>Those reporting after the close include Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) and Noble Corp Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures edged down 0.06% to $77.86 in early European session on Thursday after the commodity fell by 0.35% on Wednesday. The benchmark 10-year Treasury note slipped 0.018 percentage points at 4.305%. Yield spiked on Wednesday following the hawkish FOMC minutes.
Asian stocks closed Thursday&#8217;s session higher, encouraged by the spike in U.S. futures on Nvidia&#8217;s strong earnings. The European markets traded notably higher by late-morning trading. 
In the currency market, the safe-haven U.S. dollar is weaker against most major currencies.
Related Link: <a href="https://www.benzinga.com/economics/macro-economic-events/24/02/37243710/fed-minutes-stress-inflation-vigilance-push-back-earlier-rate-cut-moves-officials">Fed Minutes Stress Inflation Vigilance, Push Back Earlier Rate Cut Moves: Officials Flag Commercial Real Estate Risks</a>
Photo: Shutterstock

Nasdaq, S&P 500 Futures Jump As Nvidia Surge Raises 'FOMO' Rally Hopes: Analyst Tells Why Jobs Data Holds Key For Momentum

Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) reported its Q1 earnings results on Wednesday, February 21, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Nordson beat estimated earnings by 8.33%, reporting an EPS of $2.21 versus an estimate of $2.04.
Revenue was up $22.72 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.07 which was followed by a 3.86% increase in the share price the next day.
Here's a look at Nordson's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.39</td>
<td>2.32</td>
<td>2.11</td>
<td>1.98</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.46</td>
<td>2.35</td>
<td>2.26</td>
<td>1.95</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>706.76M</td>
<td>665.65M</td>
<td>638.73M</td>
<td>623.88M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>719.31M</td>
<td>648.68M</td>
<td>650.16M</td>
<td>610.48M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Nordson <a href="https://www.benzinga.com/quote/NDSN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Nordson: Q1 Earnings Insights

Guidance

Nordson Narrows FY24 Adj. EPS $10.00-$10.50 Vs $10.21 Est.; Revenue Growth 4%-7%

Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) reported quarterly earnings of $2.21 per share which beat the analyst consensus estimate of $2.04 by 8.33 percent. The company reported quarterly sales of $633.00 million which beat the analyst consensus estimate of $630.42 million by 0.41 percent. This is a 3.69 percent increase over sales of $610.48 million the same period last year.

Earnings Beats

Nordson Q1 2024 Adj EPS $2.21 Beats $2.04 Estimate, Sales $633.00M Beat $630.42M Estimate

Wall Street remains subdued following Tuesday&#8217;s sell-off, primarily driven by small-cap and tech stocks. All eyes are now on&nbsp;Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a target="_blank" href="https://benzinga.com/2024/02/20/nvidias-earnings-around-the-corner-can-ai-stalwart-bulldoze-its-way-to-another-superlative-quarterly-performance/" rel="noreferrer noopener">fourth-quarter earnings report</a>, scheduled for after the closing bell.
Given the crucial nature of this event, caution is likely to be the predominant sentiment with investors anxiously awaiting Nvidia&#8217;s performance. This anticipation is further amplified by the uncertainty surrounding its ability to meet the lofty expectations placed upon it.
Adding to the market&#8217;s concerns are upcoming speeches by Federal Reserve officials and, more importantly, the Fed minutes. Both pronouncements hold the potential to shed light on the future trajectory of interest rates, another significant factor influencing investor sentiment.
Cues From Tuesday&#8217;s Trading:
Three key developments weighed down the markets on Tuesday:
<ul>
<li>Mixed retail earnings:&nbsp;Performance reports from retailers painted a mixed picture, leaving investors unsure about the health of the consumer sector.</li>
<li>Nvidia anxiety:&nbsp;Apprehension mounted regarding Nvidia&#8217;s ability to live up to the high expectations set for its upcoming earnings report.</li>
<li>Leading economic index decline:&nbsp;The Conference Board&#8217;s leading economic index experienced a larger-than-anticipated drop, raising concerns about future economic growth.</li>
</ul>
These factors contributed to a negative market atmosphere, pushing major averages down:
<ul>
<li>Tech-heavy Nasdaq and S&amp;P 500:&nbsp;Both opened lower and remained below the flatline throughout the session. The S&amp;P 500 even dipped below the psychological barrier of 5,000.</li>
<li>Dow:&nbsp;The Dow experienced some morning volatility but ultimately closed lower.</li>
<li>Small-caps:&nbsp;The Russell 2000 underperformed, dropping 1.41%.</li>
<li>Sectors:&nbsp;Only consumer staples, led by Walmart&#8217;s positive results, managed to escape the overall decline. Conversely, IT and consumer discretionary stocks took the biggest hits.</li>
</ul>
 US Index Performance On Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.92%</td>
<td>15,630.78</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.60%</td>
<td>4,975.51</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.17%</td>
<td>38,563.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.41%</td>
<td>2,004.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
The biggest risk for the market is the Fed, according to Fund Strat&#8217;s Tom Lee. The market needs to broaden for the sustenance of the rally and it&#8217;s going to broaden when interest-rate cuts begin to be priced in and investors begin to think about the roadmap, Lee <a href="https://twitter.com/LastCallCNBC/status/1760095988050506123">said</a> in a CNBC interview.
&#8220;If inflationary pressures don&#8217;t ease and the Fed starts to sort of second guess that, I think it puts a lot of pressure on stocks,&#8221; he said.
Although the probability of a Fed rate hike is very low if the market begins to price that in, it would put pressure on stocks, he added.
Futures Today
 Futures Performance On Wednesday (as of 6:46 am ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.46%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.21%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.18%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.47%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.26% to $498.20 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) 0.39% to $428.91, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
Atlanta Fed President Raphael Bostic is scheduled to give the welcoming remarks at the Airports Council International CFO Summit hosted by the Regional Economic Information Network of the regional Fed bank at 8 a.m. ET.
Richmond Fed President Thomas Barkin is scheduled to give a radio interview at 9:10 a.m. ET.
Fed Governor Michelle Bowman will make a public appearance at 1 p.m. ET.
The Treasury will auction 20-year bonds at 1 p.m. ET.
The Fed is due to release the minutes of the January rate-setting meeting of the Federal Open Market Committee at 2 p.m. ET. At the meeting, the central bank opted to leave the Fed funds rate unchanged at a 22-year high of 5.25%-5.50% for a fourth straight time. Chair Jerome Powell, however, spooked investors by adopting a hawkish tone in the post-meeting press conference. Traders will likely want to sift through the minutes to gain better clarity on the interest rate outlook.
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Palo Alto Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell over 22.50% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the release of the cybersecurity company&#8217;s earnings report. Other cybersecurity plays such as Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) and CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) moved sharply lower in sympathy.</li>
<li>Other stocks moving lower in earnings reactions are Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) (down over 2%), La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) (down over 8.50%), Matterport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>) (down over 14%), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) (up over 2%), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) (down about 6.70%) and Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) (down over 3.50%).</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) and Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) are among the notable companies reporting <a href="https://www.benzinga.com/calendars/earnings">earnings ahead of the market open.</a></li>
<li>Those reporting after the close include The Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Fidelity National Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>), Exact Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Host Hotels &amp; Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), Nordson Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), Nvidia, Sturm, Ruger &amp; Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGR#NYSE">RGR</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) and Sunrun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NYSE">RUN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 0.42% to $76,72 in early European session on Wednesday after the commodity fell by 1.13% on Tuesday. The benchmark 10-year Treasury note slipped 0.004 percentage points at 4.271%. 
Most Asian markets retreated on Wednesday ahead of some key U.S. catalysts, although the Chinese and Hong Kong markets posted strong gains as domestic traders began to bake in stimulatory measures from authorities. The New Zealand market rose modestly for the day. 
European stocks showed cautious optimism by late-morning trading.
Read Next: <a href="https://www.benzinga.com/news/treasuries/24/02/37227285/government-debt-exceeds-120-of-gdp-why-former-imf-economist-very-worried-about-us-fiscal-crisis">Government Debt Exceeds 120% Of GDP: Why Former IMF Economist &#8216;Very Worried&#8217; About US Fiscal Crisis</a>

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LIVN

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NEXA

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OBDC

Earnings Scheduled For February 21, 2024

A notable insider purchase on January 11, was reported by Srinivas Subramanian, Executive Vice President at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), based on the most recent SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000008//Archives/edgar/data/72331/000007233124000008/0000072331-24-000008-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Subramanian increased their investment in Nordson by purchasing 503 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $127,173.
Monitoring the market, Nordson's shares up by 0.1% at $250.88 during Thursday's morning.
<h3>About Nordson</h3>
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.
<h3>Nordson: Financial Performance Dissected</h3>
Positive Revenue Trend: Examining Nordson's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.23% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 53.4%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Nordson's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.24.
</li>
</ul>
Debt Management: Nordson's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.72, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Nordson's current Price to Earnings (P/E) ratio of 29.62 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 5.49 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 20.38 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Nordson Executive Vice President Trades $127K In Company Stock

On January 11, Jennifer L McDonough, EVP at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000010//Archives/edgar/data/72331/000007233124000010/0000072331-24-000010-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, McDonough increased their investment in Nordson by purchasing 1,182 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $298,845.
The latest update on Thursday morning shows Nordson shares up by 0.1%, trading at $250.88.
<h3>About Nordson</h3>
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.
<h3>Key Indicators: Nordson's Financial Health</h3>
Revenue Growth: Over the 3 months period, Nordson showcased positive performance, achieving a revenue growth rate of 5.23% as of 31 October, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 53.4%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.24, Nordson showcases strong earnings per share.
</li>
</ul>
Debt Management: Nordson's debt-to-equity ratio stands notably higher than the industry average, reaching 0.72. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: Nordson's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 29.62.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 5.49 is above industry norms, reflecting an elevated valuation for Nordson's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 20.38 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVP At Nordson Buys $298K of Stock

On January 11, a substantial insider purchase was made by Sundaram Nagarajan, President and CEO at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000006//Archives/edgar/data/72331/000007233124000006/0000072331-24-000006-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled that Nagarajan made a notable purchase of 11,554 shares of Nordson, valuing at $2,921,197.
At Thursday morning, Nordson shares are up by 0.1%, trading at $250.88.
<h3>Get to Know Nordson Better</h3>
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.
<h3>Key Indicators: Nordson's Financial Health</h3>
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. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 53.4%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.24, Nordson showcases strong earnings per share.
</li>
</ul>
Debt Management: Nordson's debt-to-equity ratio stands notably higher than the industry average, reaching 0.72. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 29.62 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 5.49, Nordson's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 20.38, Nordson demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Confidence On Display: Sundaram Nagarajan Acquires $2.92M In Nordson Stock

Joseph P Kelley, Executive Vice President at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), 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 <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000012//Archives/edgar/data/72331/000007233124000012/0000072331-24-000012-index.htm">U.S. Securities and Exchange Commission</a> 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.
<h3>Get to Know Nordson Better</h3>
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.
<h3>Nordson: Delving into Financials</h3>
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 top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 53.4%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Nordson's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 2.24.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 0.72, Nordson faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Nordson's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 29.62.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 5.49 is above industry norms, reflecting an elevated valuation for Nordson's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 20.38 reflects market recognition of Nordson's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Eye On Growth: Joseph P Kelley Adds $673K Of Nordson Stock To Portfolio

It was revealed in a recent SEC filing that James E DeVries, Executive Vice President at Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) 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 <a href="https://www.sec.gov/Archives/edgar/data/0000072331/000007233124000014//Archives/edgar/data/72331/000007233124000014/0000072331-24-000014-index.htm">U.S. Securities and Exchange Commission</a> 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.
<h3>Delving into Nordson's Background</h3>
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.
<h3>Nordson: A Financial Overview</h3>
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, with a growth rate lower than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 53.4%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Nordson's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.24.
</li>
</ul>
Debt Management: Nordson's debt-to-equity ratio surpasses industry norms, standing at 0.72. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 29.62 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 5.49 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 20.38, Nordson demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000072331">Check Out The Full List Of Nordson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Confidence On Display: James E DeVries Acquires $427K In Nordson Stock

The Nasdaq 100 closed lower by over 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Nordson </h3>
<ul>
<li>The Trade: Nordson Corporation (NASDAQ: NDSN) Executive Vice President Stephen Lovass <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,000 shares </a> at an average price of $258.68. The insider received around $517,360 from selling those shares.</li>
<li>What&rsquo;s Happening: Nordson, last month, posted better-than-expected quarterly results.</li>
<li>What Nordson Does: 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.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>McDonald&#39;s</h3>
<ul>
<li>The Trade: McDonald&#39;s Corporation (NYSE: MCD) EVP - Chief People Officer Heidi Capozzi <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,750 shares </a> at an average price of $295.84. The insider received around $813,560 from selling those shares.</li>
<li>What&rsquo;s Happening: Gerbang Alaf Restaurants Sdn Bhd (GAR), which is the licensee of McDonald&#39;s in Malaysia, has reportedly initiated a legal action against the Boycott, Divestment and Sanctions (BDS) Malaysia movement.</li>
<li>What McDonald&#39;s Does: McDonald&#39;s is the largest restaurant owner-operator in the world, with 2022 system sales of $116 billion across more than 40,000 stores and 115 markets.</li>
</ul>
<h3>HP </h3>
<ul>
<li>The Trade: HP Inc. (NYSE: HPQ) President and CEO Enrique Lores <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 38,000 shares </a> at an average price of $29.75. The insider received around $1.13 million from selling those shares.</li>
<li>What&rsquo;s Happening: Morgan Stanley analyst Erik Woodring, last month, upgraded HP from Equal-Weight to Overweight and raised the price target from $31 to $35.</li>
<li>What HP Does: HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise.</li>
</ul>
<h3>DoorDash </h3>
<ul>
<li>The Trade: DoorDash, Inc. (NASDAQ: DASH) CFO Ravi Inukonda <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 7,000 shares </a> at an average price of $100.07. The insider received around $700,513 from selling those shares.</li>
<li>What&rsquo;s Happening: Barclays analyst Jason Goldberg maintained Ally Financial with an Equal-Weight and raised the price target from $32 to $43.</li>
<li>What DoorDash Does: DoorDash was recently added to the Nasdaq-100 Index.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36464063/how-to-earn-500-a-month-from-apple-stock-following-tuesdays-slide"> How To Earn $500 A Month From Apple Stock Following Tuesday&#39;s Slide </a>

HP, McDonald's And 2 Other Stocks Insiders Are Selling

By the close of today, January 02, 2024, Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) will issue a dividend payout of $0.68 per share, resulting in an annualized dividend yield of 1.14%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on December 18, 2023.
<h3>Nordson Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-18</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>1.14%</td>
<td>2023-12-06</td>
<td>2023-12-19</td>
<td>2024-01-02</td>
</tr>
<tr>
<td>2023-08-21</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>1.11%</td>
<td>2023-08-09</td>
<td>2023-08-22</td>
<td>2023-09-05</td>
</tr>
<tr>
<td>2023-05-22</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.2%</td>
<td>2023-05-10</td>
<td>2023-05-23</td>
<td>2023-06-06</td>
</tr>
<tr>
<td>2023-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.06%</td>
<td>2023-02-08</td>
<td>2023-02-21</td>
<td>2023-03-07</td>
</tr>
<tr>
<td>2022-12-19</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.11%</td>
<td>2022-12-07</td>
<td>2022-12-20</td>
<td>2023-01-03</td>
</tr>
<tr>
<td>2022-08-22</td>
<td style="text-align: right;">4</td>
<td>$0.65</td>
<td>1.13%</td>
<td>2022-08-10</td>
<td>2022-08-23</td>
<td>2022-09-06</td>
</tr>
<tr>
<td>2022-05-23</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.98%</td>
<td>2022-05-11</td>
<td>2022-05-24</td>
<td>2022-06-07</td>
</tr>
<tr>
<td>2022-02-18</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.88%</td>
<td>2022-02-09</td>
<td>2022-02-22</td>
<td>2022-03-08</td>
</tr>
<tr>
<td>2021-12-20</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.77%</td>
<td>2021-12-08</td>
<td>2021-12-21</td>
<td>2022-01-04</td>
</tr>
<tr>
<td>2021-08-23</td>
<td style="text-align: right;">4</td>
<td>$0.51</td>
<td>0.92%</td>
<td>2021-08-11</td>
<td>2021-08-24</td>
<td>2021-09-07</td>
</tr>
<tr>
<td>2021-05-24</td>
<td style="text-align: right;">4</td>
<td>$0.39</td>
<td>0.75%</td>
<td>2021-05-12</td>
<td>2021-05-25</td>
<td>2021-06-08</td>
</tr>
<tr>
<td>2021-02-22</td>
<td style="text-align: right;">4</td>
<td>$0.39</td>
<td>0.83%</td>
<td>2021-02-10</td>
<td>2021-02-23</td>
<td>2021-03-09</td>
</tr>
</tbody>
</table>
When comparing Nordson's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) having the highest annualized dividend yield at 3.30%.
<h3>Analyzing Nordson Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704207921_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.54 in 2020 to $2.66 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For Nordson</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704207921_1.png" alt="earning chart graph" />
The earnings chart above shows that from 2020 to 2023, Nordson has experienced an increase in their earnings from $5.48 per share to $9.02 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
<h3>Recap</h3>
In this article, we delve into Nordson's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.68 per share today, resulting in an annualized dividend yield of 1.14%.
When comparing Nordson's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Stanley Black &amp; Decker having the highest annualized dividend yield at 3.30%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Nordson indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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