$NDSN Don't hold much optimism in Nordson on Global Worries
In the past few weeks, the rose tinted glasses have come off investors and selling has intensified, in particular companies with exposure worldwide and in China have been hardest hit. In NDS
NDSN
last earnings report it missed on the top and bottom line. We do not see much reason to expect anything different this time round, the company has increased the dividend but that has not abated the selling which is clearly evident in the OBV indicator which has very BEARISH divergences. We will not be entering the name but may go short if the channel breaks down.
Analysts average rating Hold
Analysts average price target $146
Company Description
Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through three segments: Adhesive Dispensing, Advanced Technology, and Industrial Coating Systems. The Adhesive Dispensing Systems segment delivers its dispensing and processing technology to diverse markets for applications. This segment provides packaging, polymer processing and product assembly services. The Advanced Technology Systems segment offers electronic systems, fluid management, test and inspection services. The Industrial Coating Systems segment provides standard and highly-customized equipment used primarily for applying coatings, paint, finishes, sealants and other material. This segment provides cold materials, container coating, liquid finishing, powder coating, curing and drying systems
NDSN
last earnings report it missed on the top and bottom line. We do not see much reason to expect anything different this time round, the company has increased the dividend but that has not abated the selling which is clearly evident in the OBV indicator which has very BEARISH divergences. We will not be entering the name but may go short if the channel breaks down. Analysts average rating Hold
Analysts average price target $146
Company Description
Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through three segments: Adhesive Dispensing, Advanced Technology, and Industrial Coating Systems. The Adhesive Dispensing Systems segment delivers its dispensing and processing technology to diverse markets for applications. This segment provides packaging, polymer processing and product assembly services. The Advanced Technology Systems segment offers electronic systems, fluid management, test and inspection services. The Industrial Coating Systems segment provides standard and highly-customized equipment used primarily for applying coatings, paint, finishes, sealants and other material. This segment provides cold materials, container coating, liquid finishing, powder coating, curing and drying systems