10 Cheap Robotics Stocks To Buy

7. Nordson Corporation (NASDAQ:NDSN)

Number of Hedge Fund Holders In Q1 2024: 23

Price Upside: 18%

Average Share Price Target: $279.33

Nordson Corporation (NASDAQ:NDSN) is an industrial products company headquartered in Westlake, Ohio. It is one of the oldest firms of its kind since it was set in 1909. Nordson Corporation (NASDAQ:NDSN) is a specialty industrial products firm that sells items used to dispense a variety of industrial raw materials such as adhesives, polymers, sealants, and coatings. Its extensive experience in the dispensing industry has enabled Nordson Corporation (NASDAQ:NDSN) to develop a competitive edge when it comes to automating solutions such as 3 axis and 4 axis robots. The firm is also one of the few dividend paying stocks on our list, and its ten cent dividend hike in August marked the 61st year in which Nordson Corporation (NASDAQ:NDSN) had increased its dividend. It is also well protected against economic downturn through an operational presence in 35 countries, and Nordson Corporation (NASDAQ:NDSN) also plans to expand its presence to the medical industry by acquiring Atrion Corporation.