Nordson
This is another top company with shares closing in on a 52-week high. Nordson Corp. (NASDAQ: NDSN) engineers, manufacture, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials and other fluids worldwide.
Its 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 used in packaged goods industries; components and systems used in the thermoplastic and biopolymer melt stream; and product assembly systems for use in paper and paperboard converting applications and manufacturing roll goods, as well as for the assembly of plastic, metal and wood products. 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 used primarily in curing and drying operations.
The Medical and Fluid Solutions segment offers medical devices, including cannulas, catheters and medical balloons; single-use plastic components; precision manual and semi-automated dispensers; minimally invasive interventional delivery devices; and plastic molded syringes, cartridges, tips and fluid connection components.
The Advanced Technology Solutions segment provides automated dispensing systems for the attachment, protection and coating of fluids, as well as related gas plasma treatment systems for cleaning and conditioning surfaces. It offers bond testing and automated optical, acoustic microscopy and X-ray inspection systems for use in semiconductor and printed circuit board industries. The company markets its products through direct sales force, as well as distributors and sales representatives.
Nordson stock investors currently receive a 1.06% dividend. The expected dividend boost is to $0.74 per share from $0.65. The $290 Wells Fargo target price is a Wall Street high. The $259.33 consensus target is closer to Friday’s closing share price of $246.42.
These four top stocks are rated Buy across Wall Street, and the companies are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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