Here's Why You Should Add Nordson Stock to Your Portfolio Now

Core Viewpoint - Nordson Corporation (NDSN) is positioned for growth due to strong performance across its business segments and strategic acquisitions, making it an attractive investment option for shareholders [1]. Business Strength - The Industrial Precision Solutions segment is experiencing strong momentum, driven by increasing demand for nonwoven products in industrial and consumer non-durable markets, as well as a growing need for packaged goods in food, beverage, personal care, and cosmetics sectors [4]. Expansion Efforts - Nordson's acquisition strategy is enhancing its capabilities, with recent acquisitions contributing to revenue growth. In Q3 of fiscal 2024, acquired assets increased total revenues by 4%. The acquisition of Atrion Corporation in August 2024 will expand Nordson's medical offerings in infusion and cardiovascular therapies, expected to yield significant operational synergies [5][6]. - The acquisition of ARAG Group in August 2023 enhanced Nordson's precision dispensing technology, allowing entry into the precision agriculture market. Additionally, the acquisition of CyberOptics Corporation in November 2022 expanded its semiconductor test and inspection capabilities [6]. Shareholder Rewards - Nordson is committed to increasing shareholder value through dividends and share repurchases. In the first nine months of fiscal 2024, the company paid out $116.8 million in dividends, a 4.8% increase year-over-year, and repurchased shares worth $34.1 million. In August 2024, the dividend was raised by 15% to 78 cents per share, marking the 61st consecutive year of dividend increases [7]. - The board authorized an additional $500 million for share repurchases in September 2022, with approximately $0.52 million remaining from the total $1.5 million authorized as of the end of the fiscal third quarter [8].