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.
Are Industrial Products Stocks Lagging Nordson (NDSN) This Year?
Read MoreHide Full Article
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nordson (NDSN - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Nordson is a member of our Industrial Products group, which includes 187 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nordson is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NDSN's full-year earnings has moved 1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, NDSN has returned 18.6% so far this year. At the same time, Industrial Products stocks have gained an average of 14.8%. As we can see, Nordson is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Tennant (TNC - Free Report) . The stock is up 16.4% year-to-date.
In Tennant's case, the consensus EPS estimate for the current year increased 6.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Nordson is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has gained an average of 4.6% so far this year, so NDSN is performing better in this area. Tennant is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Nordson and Tennant. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Are Industrial Products Stocks Lagging Nordson (NDSN) This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nordson (NDSN - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Nordson is a member of our Industrial Products group, which includes 187 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nordson is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NDSN's full-year earnings has moved 1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, NDSN has returned 18.6% so far this year. At the same time, Industrial Products stocks have gained an average of 14.8%. As we can see, Nordson is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Tennant (TNC - Free Report) . The stock is up 16.4% year-to-date.
In Tennant's case, the consensus EPS estimate for the current year increased 6.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Nordson is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has gained an average of 4.6% so far this year, so NDSN is performing better in this area. Tennant is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Nordson and Tennant. These stocks will be looking to continue their solid performance.