---
title: Nordson (NDSN) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/ndsn
ticker: NDSN
as_of: 2026-10-17
sector: Industrials
industry: Industrial - Machinery
---
# Nordson (NDSN)

Nordson (NDSN) closed at $322.31 on Oct 16, 2026, overvalued by 99% vs its model value of $162.19 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $322.31 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $162.19 |
| Price vs model | overvalued by 99% vs model |
| Range of that model | $100.27 – $360.13 |
| Market value | $18.0B |
| P/E (fiscal 2025) | 37.9 |
| Net margin (fiscal 2025) | 17.4% |
| Free cash flow (fiscal 2025) | $661.1M |
| Dividend yield (trailing twelve months) | 1.05% |
| Beta | 0.99 |
| Cost of capital (WACC) | 8.71% |
| Business classification | Mature & Stable (Low/slowing growth (~3% recent), Moderate margins (17% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Dividend growth streaks | #23 | 39+ years | https://sweetvaluelab.com/lists/dividend-growth-streaks |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.05% |
| Dividends per share, last 12 months | $3.40 |
| Dividends / free cash flow (fiscal 2025) | 27.1% |
| Raised | 39+ years in a row |
| Growth over 5 years | 15.1% a year |
| Latest payment | $0.94, ex-date Sep 10, 2026, paid Oct 2, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 23, 2021 | $1.68 |
| To Aug 22, 2022 | $2.18 |
| To Aug 21, 2023 | $2.63 |
| To Aug 27, 2024 | $2.82 |
| To Sep 11, 2025 | $3.16 |
| Trailing twelve months (to Sep 10, 2026) | $3.40 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $162.19 | $100.27 | $360.13 |
| DCF · Perpetuity growth · 10y | cross check | $170.07 | $109.20 | $361.11 |
| DCF · EBITDA exit · 5y | cross check | $220.81 | $156.64 | $296.15 |
| DCF · EBITDA exit · 10y | cross check | $216.88 | $150.30 | $304.95 |
| P/E · peers | cross check | $243.29 | $214.39 | $315.25 |
| P/E · own history | cross check | $288.70 | $273.14 | $319.52 |
| PEG | sanity check | $229.91 | $229.91 | $229.91 |
| EV/EBITDA · peers | cross check | $235.72 | $200.45 | $263.31 |
| EV/Revenue · peers | cross check | $181.81 | $126.39 | $239.40 |
| Earnings power value | cross check | $56.45 | $43.29 | $75.10 |
| Dividend discount | cross check | $76.84 | $53.04 | $124.72 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 5 open-market sales ($876,077.6); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 14, 2026 | Morris Milton Mayo | Director | Open-market sell | 255 | $83,436 |
| Sep 15, 2026 | Rutledge Joseph M | VP, CAO | Open-market sell | 684 | $211,615.9 |
| Sep 2, 2026 | Morris Milton Mayo | Director | Open-market sell | 156 | $49,394.3 |
| Sep 1, 2026 | Hall Justin E | EVP | Tax withholding | 118 | $37,099.2 |
| Aug 27, 2026 | MCDONOUGH JENNIFER L | EVP, GC, and Secretary | Open-market sell | 260 | $87,360 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 20, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/72331/000007233126000054/ndsn-20260731.htm |
| Aug 19, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72331/000007233126000052/ndsn-20260819.htm |
| Jun 3, 2026 | 8-K | 2.03 Creation of a Direct Financial Obligation | https://www.sec.gov/Archives/edgar/data/72331/000007233126000034/ndsn-20260602.htm |
| May 21, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/72331/000007233126000024/ndsn-20260430.htm |
| May 20, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72331/000007233126000022/ndsn-20260520.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Jensen | 2026-06-30 | 4,360 | $1.3M |
| Bridgewater | 2026-06-30 | 776 | $234,111 |

2 tracked managers in all.

## About

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, medical components, and other fluids. The Industrial Precision Solutions segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems; components and systems for thermoplastic and biopolymer melt stream; fluid components, such as nozzles, pumps, and filters; smart components that measure and control the flow, quantity and location of dispensed fluid; control systems; and product assembly solutions. It also offers automated and manual dispensing products and systems for cold materials, container coating, liquid finishing, and powder coating, as well as ultraviolet equipment. The Medical and Fluid Solutions s…

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Source: https://sweetvaluelab.com/stocks/ndsn (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.