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Nordson Corporation (NDSN)

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Upturn Advisory Summary
02/20/2026: NDSN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $297.9
1 Year Target Price $297.9
| 5 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 16.20B USD | Price to earnings Ratio 34.14 | 1Y Target Price 297.9 |
Price to earnings Ratio 34.14 | 1Y Target Price 297.9 | ||
Volume (30-day avg) 10 | Beta 1 | 52 Weeks Range 163.26 - 305.28 | Updated Date 02/21/2026 |
52 Weeks Range 163.26 - 305.28 | Updated Date 02/21/2026 | ||
Dividends yield (FY) 1.09% | Basic EPS (TTM) 8.5 |
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 2026-02-25 | When - | Estimate 2.37 | Actual 2.37 |
Profitability
Profit Margin 18.39% | Operating Margin (TTM) 24.86% |
Management Effectiveness
Return on Assets (TTM) 8.02% | Return on Equity (TTM) 17.47% |
Valuation
Trailing PE 34.14 | Forward PE 26.53 | Enterprise Value 18594123580 | Price to Sales(TTM) 5.69 |
Enterprise Value 18594123580 | Price to Sales(TTM) 5.69 | ||
Enterprise Value to Revenue 6.66 | Enterprise Value to EBITDA 21.82 | Shares Outstanding 55703436 | Shares Floating 49728641 |
Shares Outstanding 55703436 | Shares Floating 49728641 | ||
Percent Insiders 5.69 | Percent Institutions 77.94 |
Upturn AI SWOT
Nordson Corporation

Company Overview
History and Background
Nordson Corporation was founded in 1909 by Alwin J. Nordson as the National Screw and Manufacturing Company, initially producing screws. It evolved into a diversified technology company specializing in dispensing, application, and testing equipment. A significant milestone was the development of the first Nordson hot melt adhesive dispenser in 1954, revolutionizing industrial adhesive application. The company has since expanded globally through organic growth and strategic acquisitions, focusing on precision technology solutions across various industries.
Core Business Areas
- Industrial Precision Solutions: This segment designs, manufactures, and markets systems and equipment for precision dispensing of adhesives, sealants, coatings, and other materials. It serves diverse markets including electronics, automotive, medical, and consumer goods. Products include dispensing equipment, fluid management systems, and automated solutions.
- Advanced Technology Solutions: This segment provides precision equipment and technologies for the electronics industry, including semiconductor packaging, printed circuit board assembly, and flat panel display manufacturing. Products include dispensing systems, curing equipment, and test and inspection solutions.
- Life Sciences and Medical Solutions: This segment focuses on specialized equipment for the medical device and pharmaceutical industries. Offerings include precision dispensing of medical adhesives, drug delivery systems, and manufacturing equipment for medical consumables.
Leadership and Structure
Nordson Corporation is led by a dedicated executive team, including a Chief Executive Officer, Chief Financial Officer, and heads of its various business segments. The company operates with a divisional structure, allowing for specialized focus within its core business areas while maintaining a unified corporate strategy. As of late 2023, Michael F. Hilton serves as President and CEO. The company's board of directors provides strategic oversight.
Top Products and Market Share
Key Offerings
- Competitors: Henkel (ADHERE),H.B. Fuller (FU),Illinois Tool Works (ITW)
- Description: Nordson is a leading provider of hot melt adhesive dispensing equipment used in packaging, product assembly, and nonwovens. This includes applicators, pumps, and control systems. Key competitors include Henkel, H.B. Fuller, and ITW. Market share data is proprietary but Nordson is considered a dominant player in this segment.
- Market Share Data: Proprietary, estimated to be significant within its specific niches.
- Product Name: Hot Melt Adhesive Dispensing Systems
- Competitors: ASM Pacific Technology (0522.HK),Palomar Technologies,Koh Young Technology (097050.KS)
- Description: Specialized equipment for dispensing solder paste, underfill, and other materials in semiconductor and PCB manufacturing. Critical for miniaturization and high-performance electronics. Competitors include ASM Pacific Technology, Palomar Technologies, and Koh Young Technology.
- Market Share Data: Estimates vary by sub-segment, but Nordson holds a strong position in critical areas like semiconductor packaging dispensing.
- Product Name: Precision Dispensing for Electronics
- Competitors: Graco Inc. (GGG),Nordson MEDICAL (now part of Nordson),Various specialized medical automation providers
- Description: Precision dispensing and assembly equipment for medical devices, such as catheters, syringes, and diagnostic equipment. Critical for sterile and precise manufacturing. Competitors include Graco, Nordson MEDICAL (which it acquired), and specialized medical automation companies.
- Market Share Data: Nordson holds a strong position due to its integrated offerings and acquisitions in this space.
- Product Name: Medical Device Manufacturing Equipment
Market Dynamics
Industry Overview
Nordson operates in diverse industrial and technology markets, including packaging, electronics, medical, and automotive. These industries are characterized by increasing demand for precision, automation, miniaturization, and sustainability. Growth is driven by technological advancements, supply chain optimization, and increasing regulatory requirements, particularly in life sciences.
Positioning
Nordson is a global leader in precision dispensing and application technologies. Its competitive advantages stem from its strong brand reputation, extensive product portfolio, deep application expertise, global service network, and a consistent focus on innovation. The company's strategy of acquiring complementary businesses further strengthens its market position.
Total Addressable Market (TAM)
The TAM for Nordson's various segments is substantial and growing. For example, the global industrial adhesives market is projected to reach tens of billions of dollars, while the semiconductor manufacturing equipment market is also in the billions. Nordson is well-positioned to capture significant share within its specialized niches due to its technological leadership and integrated solutions.
Upturn SWOT Analysis
Strengths
- Strong global brand recognition and reputation.
- Diverse product portfolio serving multiple resilient end markets.
- Significant investment in research and development (R&D) driving innovation.
- Extensive global sales, service, and support network.
- Proven track record of successful strategic acquisitions.
- Deep application expertise across various industries.
Weaknesses
- Susceptibility to cyclical downturns in key end markets (e.g., electronics, automotive).
- Integration challenges with acquired companies.
- Dependence on global economic conditions and trade policies.
- Can be perceived as a premium-priced provider.
Opportunities
- Growing demand for automation and advanced manufacturing techniques.
- Increased adoption of advanced materials in electronics and other sectors.
- Expansion in emerging markets.
- Growth in the medical and life sciences sector driven by an aging global population and healthcare innovation.
- Further consolidation within the industry offering acquisition targets.
Threats
- Intensifying competition from both established players and new entrants.
- Global economic slowdowns or recessions impacting industrial demand.
- Supply chain disruptions and raw material price volatility.
- Geopolitical instability and trade wars affecting global operations.
- Rapid technological obsolescence requiring continuous innovation.
Competitors and Market Share
Key Competitors
- Illinois Tool Works (ITW)
- Graco Inc. (GGG)
- Henkel (ADHERE - private)
- H.B. Fuller (FU)
- KLA Corporation (KLAC)
Competitive Landscape
Nordson holds a strong competitive position due to its specialized technology and broad product offering. Its focus on precision and advanced applications gives it an edge over more general industrial suppliers. However, it faces competition from large diversified manufacturers like ITW and specialized players in specific segments like KLA Corporation in process control. Its ability to integrate acquisitions effectively is a key differentiator.
Major Acquisitions
Tetrafluor
- Year: 2022
- Acquisition Price (USD millions): 105
- Strategic Rationale: To expand Nordson's capabilities in high-performance polymers and seals for semiconductor and industrial applications.
Frictionless
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance Nordson's portfolio of dispensing and processing equipment for the medical industry, particularly in drug delivery and medical device manufacturing.
CyberOptics Corporation
- Year: 2021
- Acquisition Price (USD millions): 354
- Strategic Rationale: To strengthen Nordson's position in the semiconductor and electronics markets, particularly in advanced inspection and metrology solutions.
Growth Trajectory and Initiatives
Historical Growth: Nordson has achieved consistent historical growth through a combination of organic innovation and strategic acquisitions. Its expansion into new technologies and geographies has been a key driver. The company has successfully integrated acquired businesses to leverage their technologies and market access.
Future Projections: Analyst projections generally indicate continued growth for Nordson, driven by secular trends such as automation, advanced electronics, and healthcare. The company is expected to benefit from its diversified end markets and ongoing product innovation. (Specific projections require analyst consensus data.)
Recent Initiatives: Recent initiatives often include strategic acquisitions to expand its product portfolio and market reach (e.g., acquiring various companies in dispensing and medical technology), investment in new product development to address emerging market needs, and digital transformation efforts to enhance customer engagement and operational efficiency.
Summary
Nordson Corporation is a robust industrial technology company with a strong market position in precision dispensing and application solutions. Its diversified end markets and commitment to innovation through R&D and acquisitions provide a stable growth trajectory. While susceptible to economic cycles, its focus on high-value, specialized applications and a global service network are key strengths. The company needs to remain vigilant against intense competition and navigate supply chain complexities to sustain its performance.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Nordson Corporation Investor Relations
- Company Annual Reports (10-K)
- Company Quarterly Reports (10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Market Research Reports (proprietary, not publicly cited)
- Analyst Consensus Data (proprietary, not publicly cited)
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. Financial data and market share estimates are subject to change and interpretation. This information is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence.
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, medical components, and other fluids. 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; 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 product assembly solutions. 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. The Medical and Fluid Solutions segment offers precision manual and semi-automated dispensers, plastic molded syringes, cartridges, tips, and fluid connection components; interventional solutions for engineered shafts and interventional delivery systems, medical tubing, balloons, balloon inflators, nitinol devices, cardiovascular cannula, and biomaterial delivery; medical fluid components; and microplegia myocardial protection devices and related consumables. The Advanced Technology Solutions segment provides automated dispensing systems for high-speed, precise application of various attachment, protection, and coating fluids, and related gas plasma treatment systems; destructive and non-destructive testing technologies, such as bond testers and automated optical, acoustic microscopy, and x-ray inspection systems used in the semiconductor and printed circuit board industries; and precision measurement and control technologies. The company markets its products through direct sales force, distributors, and sales representatives. Nordson Corporation was founded in 1909 and is headquartered in Westlake, Ohio.

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