On October 9, 2024, Joseph Kelley, Executive Vice President of Nordson Corp (NDSN, Financial), executed a sale of 3,000 shares of the company at a price of $249.98 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 8,659 shares of Nordson Corp.
Nordson Corp specializes in the design, manufacture, and marketing of systems used to apply adhesives, coatings, sealants, biomaterials, and other materials to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes.
Over the past year, Joseph Kelley has sold a total of 5,800 shares and has not made any purchases of the company's stock. This recent transaction follows a pattern observed in the insider transaction history for Nordson Corp, which shows no insider buys and 10 insider sells over the past year.
Shares of Nordson Corp were trading at $249.98 on the day of the sale, giving the company a market cap of approximately $14.43 billion. The price-earnings ratio of the stock stands at 30.74, which is above both the industry median of 23.69 and the company's historical median.
The stock's GF Value is estimated at $249.80, indicating that Nordson Corp is Fairly Valued with a price-to-GF-Value ratio of 1.
The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and market trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
