Technology

Nordson's Unit Rolls Out Wisdom Smart Connected Platform

Nordson Industrial Coating Systems, a business unit of Nordson Corporation NDSN recently unveiled the Nordson Wisdom smart connected platform. Built in cloud-based analytical software and sensors, the platform is designed to provide manufacturers data and recommendations required for improving their operational performance.

Notably, the platform consolidates IIoT and Industry 4.0 capabilities with Nordson Industrial Coating Systems’ (ICS) proficiency in hardware, controls, application. This helps manufacturers enhance their production process.

The first solution of the Wisdom platform — a mobile app — has been initially released for the Nordson ICS Powder customers in the United States and Canada. The platform enhances the speed and accuracy with which customers can order spare parts. In addition, it offers customers a direct link to Nordson University training, and notifies them about new product launches and promotions. Notably, the company plans to roll out the Wisdom smart connected platform across other business lines globally in calendar year 2020.

Our Take

Nordson stands to benefit from the diversified product portfolio and large customer base in the packaging, nonwovens, electronics, medical, appliances, energy, transportation, building and construction, and general product assembly and finishing industries. Over the long term (2018 to 2023), it expects to remain a premier industrial technology company. Notably, the company anticipates strengthening end-markets and growth initiatives to aid organic sales in fiscal 2019 (ending October 2019).

However, Nordson has been grappling with adverse impact of rising costs and expenses. It is worth mentioning here that the company recorded 1.7% year-over-year rise in selling and administrative expenses in the first quarter of fiscal 2019 (ended Jan 31, 2019). If unchecked, higher costs and operating expenses will prove detrimental to its margins and profitability.

In the past month, shares of the Zacks Rank #3 (Hold) company have returned 8.3%, outperforming the industry’s average growth of 5.9%.

Key Picks

Some better-ranked stocks in the same space are DXP Enterprises, Inc. DXPE, Roper Technologies, Inc. ROP and Chart Industries, Inc. GTLS. While DXP Enterprises and Roper sport a Zacks Rank #1 (Strong Buy), Chart Industries carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

DXP Enterprises surpassed estimates thrice in the trailing four quarters, average beat being 46.55%.

Roper exceeded estimates in each of the trailing four quarters, average beat being 4.96%.

Chart Industries surpassed estimates in each of the trailing four quarters, the average beat being 23.60%.

Will you retire a millionaire?

One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.

Click to get it free >>


Click to get this free report

Roper Technologies, Inc. (ROP): Free Stock Analysis Report

Nordson Corporation (NDSN): Free Stock Analysis Report

DXP Enterprises, Inc. (DXPE): Free Stock Analysis Report

Chart Industries, Inc. (GTLS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Technology Videos

    #TradeTalks: How Will the Role of the Chief Technology Officer Evolve on the Buy-Side?

    Siepe CEO Michael Pusateri joins Jill Malandrino on TradeTalks to discuss how the role of the Chief Technology Officer will evolve on the buy-side.

    Nov 19, 2020

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More