Stock Report: Nordson Corporation (NDSN)
Publication Date: September 22, 2024
Company Overview
Nordson Corporation (NDSN), based in Westlake, Ohio, is a leading manufacturer specializing in the design and marketing of advanced equipment and systems for dispensing, applying, and controlling adhesives, coatings, and other fluids across global markets. Established in 1909, Nordson operates within the Specialty Industrial Machinery industry as part of the broader Industrials sector. The company functions through three primary segments: Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions. Notable applications include automated adhesive dispensing for packaged goods, medical device manufacturing, and sophisticated systems for semiconductor production. With total revenue amounting to approximately $2.66 billion, Nordson’s robust market position reflects its capacity for ongoing growth and innovation.
Financial Highlights
Currently trading at $255.58, Nordson shares show promising potential with a target high price of $295.00, indicating a significant upside opportunity for investors. The company’s market performance has been evaluated positively, with analysts providing an overall “buy” recommendation, supported by a mean recommendation score of 2.5. The stock’s fifty-day moving average is 245.31, showcasing bullish momentum as it trades above this average price point. Within the past year, Nordson has experienced notable volatility, marked by a fifty-two week high of $279.38 and a low of $208.91, underscoring its resilience in a fluctuating market environment.
Market Sentiment and Share Structure
Nordson Corporation maintains a stable share structure with 57,181,500 shares outstanding. Currently, 1,119,581 shares are held short, reflecting a short interest of about 2.2%, suggesting limited bearish sentiment among investors. With a float of 51,914,542 shares available for trading, the relatively low short percentage is indicative of a generally positive market outlook for Nordson. Financially, while comprehensive data on EBITDA is lacking, the strong revenue figures reinforce confidence in the company’s operational efficiency and profitability potential. Overall, Nordson Corporation presents an attractive investment opportunity for those seeking exposure in the specialized machinery sector, bolstered by a favorable sentiment and a demonstrated capacity for growth.
| Metric | Value |
|---|---|
| Market Cap | $14.6b |
| Total Debt | $1.6b |
| Total Cash | $165.3m |
| Shares Outstanding | 57.2m |
| Float Shares | 51.9m |
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