# Nordson Corporation (NDSN)

> Source: Nexqual · https://nexqual.com/NDSN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Nordson Corporation (NDSN), nexqual.com/NDSN" · informational, not investment advice.

**Price:** USD 318.71 (-3.87% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 331.54 · day 311.55–328.25 · 52w 223.29–339.12 · market cap $17.8B · NMS

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $2.98B, net income $555M (18.6% margin), free cash flow $724M (SEC filings).
- Valuation: P/E 32.0x (avg 27.6x at the last 3 fiscal year-ends), EV/EBITDA 23.1x, net debt $1.62B.
- 1 of 80 tracked superinvestors hold NDSN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $2.0M; 7 not under a Rule 10b5-1 plan ($1.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.71 on a 1–5 scale) (7 analysts), mean target USD 349.71 (range 282–375).
- Total return with dividends: 1Y +36.8% vs S&P 500 +14.9%; 5Y +33.1% vs S&P 500 +80.3%.
- Next earnings: 2026-08-19, EPS estimate USD 3.46, revenue estimate $829M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.36B | $2.59B | $2.63B | $2.69B | $2.79B | $2.98B |
| Gross profit | $1.32B | $1.43B | $1.43B | $1.49B | $1.54B | — |
| Operating income | $615M | $702M | $673M | $674M | $712M | $801M |
| Net income | $454M | $513M | $487M | $467M | $484M | $555M |
| EPS (diluted) | $7.74 | $8.81 | $8.46 | $8.11 | $8.51 | — |
| Free cash flow | $508M | $462M | $607M | $492M | $661M | $724M |
| Gross margin | 56.1% | 55.1% | 54.2% | 55.2% | 55.2% | — |
| Operating margin | 26.0% | 27.1% | 25.6% | 25.1% | 25.5% | 26.9% |
| Net margin | 19.2% | 19.8% | 18.5% | 17.4% | 17.4% | 18.6% |
| Revenue growth | +11.4% | +9.7% | +1.5% | +2.3% | +3.8% | — |
| Cash + short-term investments | $300M | $163M | $116M | $116M | $108M | — |
| Total debt | $816M | $738M | $1.74B | $2.21B | $2.00B | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 32.0x · P/S 6.0x · EV/EBITDA 23.1x · EV/Sales 6.5x · P/FCF 24.5x · P/B 5.4x · FCF yield 4.08% · Earnings yield 3.13% · Dividend yield (paid, TTM) 1.03% · Buyback yield (TTM) 1.39% · Net debt $1.62B · EV $19.4B
P/E at fiscal year-ends: Oct 2025 27.2x, Oct 2024 30.6x, Oct 2023 25.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NDSN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Jensen Investment Management |  | 0.03% | $1.3M | Reduced -37.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-14 | Morris Milton Mayo | Director | 255 | $83K | 10.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-15 | Rutledge Joseph M | VP, CAO | 684 | $212K | 24.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-02 | Morris Milton Mayo | Director | 156 | $49K | 5.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-27 | McDonough Jennifer L | EVP, GC, and Secretary | 260 | $87K | 3.9% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-26 | Hopgood Daniel Roy | EVP, CFO | 1,329 | $444K | 21.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-17 | Subramanian Srinivas | Executive Vice President | 3,100 | $868K | 27.9% | Yes (adopted January 13, 2026) | Too little history (no open-market trades in 2025) |
| 2026-04-15 | Morris Milton Mayo | Director | 245 | $67K | 8.4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-08 | Hall Justin E | EVP | 716 | $197K | 28% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.71 on a 1–5 scale), 7 analysts; mean target USD 349.71 (low 282, high 375).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-24 | DA Davidson | Target raised | Buy | $345 → $375 |
| 2026-08-21 | Oppenheimer | Target raised | Outperform | $335 → $370 |
| 2026-08-21 | Baird | Target raised | Neutral | $328 → $351 |
| 2026-08-20 | DA Davidson | Maintained | Buy | $345 |
| 2026-08-20 | Keybanc | Target raised | Overweight | $335 → $360 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +36.8% | +33.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +36.9% | +5.9% |
| Volatility (annualized) | 22.1% | 25.2% |
| Max drawdown | -14.2% (Feb 2026→Mar 2026) | -35.8% (May 2024→Mar 2025) |

## Peers (Specialty Industrial Machinery)
IEX (IDEX Corporation) USD 226.88 -3.63% · XYL (Xylem Inc.) USD 109.26 +2.74% · DOV (Dover Corporation) USD 195.49 -2.18% · WTS (Watts Water Technologies, Inc.) USD 356.94 -1.78% · INIO (INNIO N.V.) USD 15.11 -10.43% · GGG (Graco Inc.) USD 69.28 -15.32%

## More
Full page: https://nexqual.com/NDSN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Industrial Precision Solutions | $367.2M | 44.9% | +4.7% |
| Medical and Fluid Solutions | $230.5M | 28.2% | +5.0% |
| Advanced Technology Solutions | $219.9M | 26.9% | +28.4% |
| Total revenue | $817.7M | 100% | — |

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas, Excluding United States | $331.5M | 40.5% | +5.4% |
| Asia Pacific Excluding Japan | $293.8M | 35.9% | +22.2% |
| Europe | $192.4M | 23.5% | +3.1% |
| Total revenue | $817.7M | 100% | — |

## Company outlook (8-K filed 2026-08-19)

- "Commenting on the Company's fiscal 2026 third quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, "The strong momentum of the first half continued through the third quarter, delivering results above the high-end of our most recent earnings guidance."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $3.46 | $3.28 | +5.4% | $828.8M | 6 |
| Next quarter (ends 2027-01-31) | $2.60 | $2.55 | +2.3% | $707.8M | 3 |
| Current fiscal year (ends 2026-10-31) | $11.95 | $11.59 | +3.1% | $3.06B | 7 |
| Next fiscal year (ends 2027-10-31) | $12.98 | $12.54 | +3.5% | $3.21B | 7 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 23.6% | ±5.3% |
| 2026-12-18 | 56 | 26.2% | ±8.3% |
| 2027-03-19 | 147 | 25.1% | ±12.8% |
| 2027-06-17 | 237 | 25.2% | ±16.3% |