Nordson Industrial Coating Systems, a business unit of Nordson Corporation (NDSN - Free Report) 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.
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%.
Some better-ranked stocks in the same space are DXP Enterprises, Inc. (DXPE - Free Report) , Roper Technologies, Inc. (ROP - Free Report) and Chart Industries, Inc. (GTLS - Free Report) . 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%.
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