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Nordson Rolls Out JetStream Automated Cartridge Dispenser

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Nordson Corporation (NDSN - Free Report) recently fortified its sealant equipment portfolio with the launch of an automated cartridge dispensing system. The cartridge is an advanced addition to the company’s aerospace assembly and manufacturing solutions product line. Share price of the company remained nearly flat at $130.98, post the product launch news broadcast on Jul 11.

Nordson’s latest cartridge dispenser is a premium JetStream robot-mounted product, suitable for application of certain pre-mixed sealant materials in various types of assembly operations, like panel, wing spar, or aircraft door or fuselage sealing. Notably, the product can be applied to different processes like A-dimension covering, joint sealing or fastener doming. Also, the volumetric dispense valve assembly enhances accuracy of volume, bead and placement, through automation. It also aids in eliminating material supply hoses.

The company’s latest cartridge dispensing system will be highly beneficial to manufacturers. This product will remarkably reduce processing time due to the robotic application of precise metered material. Additionally, it will help reduce material costs, lower unnecessary structure weight and enhance production first-pass quality in the manufacturing processes.

The launch of the aforementioned product further fortifies Nordson’s innovation platform. The company also intends to boost its competency on the back of strategic acquisitions.

However, Nordson currently carries an unfavorable Zacks Rank #5 (Strong Sell). Over the past three months, the stock has lost 6.1%, wider than 5.8% loss recorded by its industry.

Lackluster demand in the automotive and electronic end markets is expected to dampen the company’s aggregate revenues in the quarters ahead. Also, escalating cost remains another key cause of concern.

Stocks to Consider

Some better-ranked stocks in the same space are listed below:

Chart Industries, Inc. (GTLS - Free Report) sports a Zacks Rank of 1 (Strong Buy). The company’s earnings per share (EPS) are predicted to grow 26.9% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.

Welbilt, Inc. (WBT - Free Report) holds a Zacks Rank #2. The company’s EPS is likely to be up 10%, over the next three to five years.

Roper Technologies, Inc. (ROP - Free Report) also carries a Zacks Rank of 2. The company’s EPS is projected to rise 12.3% during the same time frame.

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