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Nordson Corporation (NDSN)



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Upturn Advisory Summary
03/27/2025: NDSN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -6.96% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.76B USD | Price to earnings Ratio 26.25 | 1Y Target Price 252.06 |
Price to earnings Ratio 26.25 | 1Y Target Price 252.06 | ||
Volume (30-day avg) 352429 | Beta 0.92 | 52 Weeks Range 196.10 - 275.76 | Updated Date 03/27/2025 |
52 Weeks Range 196.10 - 275.76 | Updated Date 03/27/2025 | ||
Dividends yield (FY) 1.51% | Basic EPS (TTM) 7.87 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.93% | Operating Margin (TTM) 23.07% |
Management Effectiveness
Return on Assets (TTM) 7.44% | Return on Equity (TTM) 16.15% |
Valuation
Trailing PE 26.25 | Forward PE 20.79 | Enterprise Value 13919889483 | Price to Sales(TTM) 4.4 |
Enterprise Value 13919889483 | Price to Sales(TTM) 4.4 | ||
Enterprise Value to Revenue 5.21 | Enterprise Value to EBITDA 17.46 | Shares Outstanding 56911700 | Shares Floating 48620836 |
Shares Outstanding 56911700 | Shares Floating 48620836 | ||
Percent Insiders 5.56 | Percent Institutions 77.25 |
Analyst Ratings
Rating 4 | Target Price 252.06 | Buy 2 | Strong Buy 4 |
Buy 2 | Strong Buy 4 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Nordson Corporation

Company Overview
History and Background
Nordson Corporation was founded in 1954. Initially focused on airless spray technology, it has evolved into a diversified manufacturer of precision dispensing equipment and systems used for applying adhesives, coatings, sealants, biomaterials, polymers, plastics and other materials.
Core Business Areas
- Adhesive Dispensing Systems: Provides systems for applying adhesives and sealants in manufacturing processes.
- Advanced Technology Systems: Offers equipment for surface treatment, plasma treatment, and controlled dispensing applications in electronics and other advanced manufacturing.
- Industrial Coating Systems: Supplies powder coating and liquid painting equipment for industrial finishing.
- Medical: Dispensing technology for medical devices and biopharmaceuticals.
Leadership and Structure
Sundaram (Sundi) Nagarajan is the President and CEO. Nordson operates with a decentralized, segment-based organizational structure.
Top Products and Market Share
Key Offerings
- Adhesive Dispensing Systems: Systems for automotive, packaging, and product assembly. Market share difficult to pinpoint precisely due to diverse applications, but Nordson is a significant player. Competitors include Henkel, ITW, and Graco. Estimates suggest a high single-digit to low double-digit percentage global market share in industrial dispensing.
- Powder Coating Systems: Equipment for applying powder coatings. Key competitors are ITW Gema, Wagner, and Nordson are a top 3 competitor. Estimate that Nordson has approximately 10-20% of market share.
- Liquid Painting Systems: Equipment for applying liquid paints. Key competitors are Carlisle Fluid Technologies, Graco, and ITW. Estimate that Nordson has approximately 10-20% of market share.
Market Dynamics
Industry Overview
The dispensing equipment industry is driven by growth in manufacturing, electronics, and packaging. It's subject to economic cycles and technological advancements.
Positioning
Nordson holds a leading position due to its technology, global presence, and service network. Its competitive advantage lies in precision and reliability, quality and customer support.
Total Addressable Market (TAM)
TAM is difficult to pinpoint precisely but estimated to be over $20 billion, and rapidly increasing. Nordson captures a few percentage points of this total market and is positioned to continue increasing market share over time.
Upturn SWOT Analysis
Strengths
- Strong Brand Reputation
- Diverse Product Portfolio
- Global Presence
- Innovation in Dispensing Technology
- Robust Service Network
Weaknesses
- Exposure to Cyclical Industries
- Dependence on Acquisitions for Growth
- Higher Operational Costs
- Can be slower than more focused competitors
Opportunities
- Expanding into Emerging Markets
- Developing New Applications for Existing Technologies
- Increasing Automation in Manufacturing
- Growing demand for medical applications
Threats
- Economic Downturns
- Increased Competition
- Technological Disruptions
- Fluctuations in Currency Exchange Rates
Competitors and Market Share
Key Competitors
- ITW (ITW)
- Graco (GGG)
- Carlisle Companies (CSL)
Competitive Landscape
Nordson's advantages include its diverse product portfolio, global reach, and technology. Disadvantages may include slower decision-making compared to smaller, focused competitors.
Major Acquisitions
CyberOptics Corporation
- Year: 2022
- Acquisition Price (USD millions): 380
- Strategic Rationale: Expanded Nordson's test and inspection capabilities within its Advanced Technology Systems segment.
Growth Trajectory and Initiatives
Historical Growth: Nordson has grown through organic expansion and strategic acquisitions.
Future Projections: Future projections are best obtained from analyst reports and company guidance.
Recent Initiatives: Recent initiatives include product innovation, strategic acquisitions, and expansion into new markets.
Summary
Nordson is a well-established company with a strong market position in the dispensing equipment industry. Its diversified product portfolio and global presence provide a solid foundation. However, Nordson is exposed to cyclical industries and must effectively manage competition and technological change. Strategic acquisitions and innovation will drive future growth.
Similar Companies
- ITW
- GGG
- CSL
- DOV
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Analyst Reports
- Industry Research Reports
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance may change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nordson Corporation
Exchange NASDAQ | Headquaters Westlake, OH, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Sundaram Nagarajan | ||
Sector Industrials | Industry Specialty Industrial Machinery | Full time employees 8000 | Website https://www.nordson.com |
Full time employees 8000 | Website https://www.nordson.com |
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions. The Industrial Precision Solutions segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems for thermoplastic and biopolymer melt stream; fluid components, such as nozzles, pumps, and filters; smart components that measure and control the flow, quantity and location of dispensed fluid; control systems; and dispensing, coating, and laminating systems. It also offers automated and manual dispensing products and systems for cold materials, container coating, liquid finishing, and powder coating, as well as ultraviolet equipment used in curing and drying operations; and in-line measurement sensors, gauges and analyzers, lasers, X-ray, optical and nucleonic technologies, and proprietary algorithms and software. The Medical and Fluid Solutions segment offers cannulas, catheters, and medical balloons; single-use plastic components; precision manual and semi-automated dispensers; and plastic molded syringes, cartridges, tips, and fluid connection components. The Advanced Technology Solutions segment provides automated dispensing systems for fluids attachment, protection, and coating, as well as related gas plasma treatment systems for cleaning and conditioning surfaces; and bond testing and automated optical, acoustic microscopy, and x-ray inspection systems for semiconductor and printed circuit board industries. The company markets its products through direct sales force, distributors, and sales representatives. The company was founded in 1909 and is headquartered in Westlake, Ohio.
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