Nordson Corporation (NASDAQ: NDSN) is well-poised for growth, courtesy of strength across its businesses and accretive acquisitions. Handsome rewards to shareholders add to the stock's appeal.
Headquartered in Westlake, OH, Nordson is one of the leading manufacturers as well as distributors of products and systems designed to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials and other fluids. The company's product line includes single-use components, stand-alone units for low-volume operations and microprocessor-based automated systems for high-speed, high-volume production lines.
Let's delve into the factors that make this company a smart investment choice at the moment.
Business Strength: Strong momentum in the Industrial Precision Solutions segment is supporting Nordson's performance. Growing demand for nonwoven product lines in the industrial and consumer non-durable end markets is aiding the segment. Also, the growing need for packaged goods in food and beverage, personal care and cosmetics markets is driving demand for the company's packaging product lines, which also bodes well for the segment.
Expansion Efforts: NDSN is focused on strengthening its competency through acquisitions. In the third quarter ...
