Skip to Content
Morningstar

Nordson Corp NDSN

Morningstar Rating
Unlock
Stock XNAS Rating as of
$234.72 +3.42 (1.48%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Nordson: Maintaining $233 Fair Value Estimate After Atrion Acquisition Announcement

Krzysztof Smalec

We are maintaining our $233 fair value estimate for narrow-moat Nordson after the company announced an agreement to acquire Atrion, a publicly traded provider of medical infusion and cardiovascular solutions, for roughly $800 million. In 2023 Atrion generated $169 million in revenue and $39 million in EBITDA. Nordson expects the deal to close by the end of fiscal 2024.

Read Full Report

Price vs Fair Value

View History
NDSN is trading at a 349% premium.
Price
$234.72
Fair Value
$714.00
Uncertainty
Medium
1-Star Price
$869.58
5-Star Price
$694.70
Economic Moat
Szmlzd
Capital Allocation
Hcxhfxrd

Bulls Say, Bears Say

Bulls

Nordson is poised to benefit from innovation in its end markets, including autonomous vehicles, 5G, and 3D wafer stacking, as new technologies drive demand for its dispensing solutions.

Bears

The company regularly invests in M&A to boost revenue growth, which creates the risk of overpaying for acquisition targets.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if NDSN is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$231.30
Day Range
$229.68–235.10
52-Week Range
$208.91–279.38
Bid/Ask
$229.99 / $265.00
Market Cap
$13.44 Bil
Volume/Avg
398,388 / 243,488

Key Statistics

Price/Earnings (Normalized)
25.06
Price/Sales
5.10
Dividend Yield (Trailing)
1.16%
Dividend Yield (Forward)
1.16%
Total Yield
1.23%

Company Profile

Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson’s business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.6 billion in revenue in its fiscal 2023.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Mid Core
Total Number of Employees
7,700
Website
https://www.nordson.com

Competitors

Valuation

View More
Metric
NDSN
GGG
IEX
Price/Earnings (Normalized)
 25.0627.0526.05
Price/Book Value
 4.815.834.38
Price/Sales
 5.106.454.90
Price/Cash Flow
 20.8521.5523.68
Price/Earnings
NDSN
GGG
IEX

Financial Strength

Metric
NDSN
GGG
IEX
Quick Ratio
 1.222.262.29
Current Ratio
 2.213.463.37
Interest Coverage
 8.52118.2816.31
Quick Ratio
NDSN
GGG
IEX

Profitability

Metric
NDSN
GGG
IEX
Return on Assets (Normalized)
 11.22%18.98%10.56%
Return on Equity (Normalized)
 20.47%23.50%17.83%
Return on Invested Capital (Normalized)
 14.65%22.73%13.20%
Return on Assets
NDSN
GGG
IEX
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Specialty Industrial Machinery Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
SIEGY
Siemens AG ADRNpxyvzgcMhrmh$150.8 Bil
ETN
Eaton Corp PLCZzcvhbvxhWnmts$133.6 Bil
ITW
Illinois Tool Works IncVnpjzqhbpmBgxnbl$71.0 Bil
PH
Parker Hannifin CorpHxszmqpzwYnnkkx$67.4 Bil
EMR
Emerson Electric CoJktnftmkfKyn$64.1 Bil
OTIS
Otis Worldwide Corp Ordinary SharesKnmrnldHyvqq$39.0 Bil
CMI
Cummins IncKtvscznWhgyyv$38.2 Bil
IR
Ingersoll Rand IncCvnrxzvqWwnmjvd$37.5 Bil
XYL
Xylem IncZknszdddlSftvbc$33.4 Bil
ROK
Rockwell Automation IncWdnwvpvclQblh$29.3 Bil

Sponsor Center