We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nordson (NDSN) to Acquire Italy-Based ARAG Group in $1B Deal
Read MoreHide Full Article
Nordson Corporation (NDSN - Free Report) has entered into a deal to acquire ARAG Group and its subsidiaries for approximately €960 million (approximately $1050.98 million) in cash. Based in Rubiera, Italy, ARAG is a provider of precision control systems and smart fluid components for agricultural spraying.
The acquisition of ARAG will enable NDSN to penetrate the high-growth precision agriculture end market. Also, the to-be-acquired entity’s precision spraying, dispensing and software solutions will aid Nordson customers increase crop yields while lowering the usage of fertilizers and chemicals.
The transaction is likely to close in Nordson’s fourth quarter fiscal 2023 (ending October 2024) and it will be funded through a combination of cash on hand and financial debt. Upon the completion of the deal, the acquired business will be added to NDSN’s Industrial Precision Solutions segment.
Nordson aims to expand its market share, product offerings and customer base through strategic acquisitions. In November 2022, the company acquired CyberOptics Corporation. The buyout expanded Nordson’s semiconductor test and inspection capabilities with the help of CyberOptics’ 3D optical sensing technology and wireless measurement sensors. The acquisition contributed 12% to revenues from the Advanced Technology Solutions unit in the fiscal second quarter. The same boosted total revenues by 3%.
Zacks Rank & Stocks to Consider
NDSN currently carries Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
IR delivered a trailing four-quarter earnings surprise of 12.6%, on average. In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 6.7%. The stock has improved 20.9% in the year-to-date period.
Alamo Group Inc. (ALG - Free Report) currently sports a Zacks Rank of 1. ALG delivered a trailing four-quarter earnings surprise of 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has increased 27.8% in the year-to-date period.
Axon Enterprise (AXON - Free Report) sports a Zacks Rank of 1, at present. The company has a trailing four-quarter earnings surprise of 44.4%, on average.
In the past 60 days, estimates for Axon’s 2023 earnings have increased 13%. The stock has rallied 14.3% in the year-to-date period.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nordson (NDSN) to Acquire Italy-Based ARAG Group in $1B Deal
Nordson Corporation (NDSN - Free Report) has entered into a deal to acquire ARAG Group and its subsidiaries for approximately €960 million (approximately $1050.98 million) in cash. Based in Rubiera, Italy, ARAG is a provider of precision control systems and smart fluid components for agricultural spraying.
The acquisition of ARAG will enable NDSN to penetrate the high-growth precision agriculture end market. Also, the to-be-acquired entity’s precision spraying, dispensing and software solutions will aid Nordson customers increase crop yields while lowering the usage of fertilizers and chemicals.
The transaction is likely to close in Nordson’s fourth quarter fiscal 2023 (ending October 2024) and it will be funded through a combination of cash on hand and financial debt. Upon the completion of the deal, the acquired business will be added to NDSN’s Industrial Precision Solutions segment.
Nordson Corporation Price
Nordson Corporation price | Nordson Corporation Quote
Nordson aims to expand its market share, product offerings and customer base through strategic acquisitions. In November 2022, the company acquired CyberOptics Corporation. The buyout expanded Nordson’s semiconductor test and inspection capabilities with the help of CyberOptics’ 3D optical sensing technology and wireless measurement sensors. The acquisition contributed 12% to revenues from the Advanced Technology Solutions unit in the fiscal second quarter. The same boosted total revenues by 3%.
Zacks Rank & Stocks to Consider
NDSN currently carries Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Ingersoll Rand Inc. (IR - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.
IR delivered a trailing four-quarter earnings surprise of 12.6%, on average. In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 6.7%. The stock has improved 20.9% in the year-to-date period.
Alamo Group Inc. (ALG - Free Report) currently sports a Zacks Rank of 1. ALG delivered a trailing four-quarter earnings surprise of 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has increased 27.8% in the year-to-date period.
Axon Enterprise (AXON - Free Report) sports a Zacks Rank of 1, at present. The company has a trailing four-quarter earnings surprise of 44.4%, on average.
In the past 60 days, estimates for Axon’s 2023 earnings have increased 13%. The stock has rallied 14.3% in the year-to-date period.