NDSN - Nordson Corporation: Performing Well And Fairly Valued
2024-03-07 07:30:37 ET
Summary
- Nordson Corporation reported solid first quarter results with the ARAG acquisition contributing to the top and bottom line.
- Management and analysts are optimistic for 2024 and the years to come.
- The stock could be fairly valued at this point, but considering the performance in past recessions, I would be a little cautious.
Over the last few years, Nordson Corporation ( NDSN ) performed more or less in line with the S&P 500. Since my last article published in September 2023, the index as well as the stock returned about 13% and in the last five years, Nordson Corporation increased 91% while the S&P 500 increased 82%....
Nordson Corporation: Performing Well And Fairly Valued