NDSN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $321.98

Market Cap $18.01B

P/E (TTM) 32.6

EPS (TTM) $9.87

Revenue (TTM) $2.98B

Div Yield 0.99%

ROE (TTM) 17.8%

Debt/Equity (MRQ) 0.5

52W Range $223–$339

NDSN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

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Stock splits 5

Ex-date	Split	Type
April 13, 2011	2-for-1	Forward
Sept. 13, 2000	2-for-1	Forward
Sept. 25, 1991	2-for-1	Forward
May 1, 1987	3-for-2	Forward
Jan. 4, 1984	3-for-2	Forward

About Nordson Corporation - Common Stock Company overview from Wikipedia

05 · wikidata

Nordson Corporation is an American multinational corporation that designs and manufactures dispensing equipment for consumer and industrial adhesives, sealants and coatings. The company also manufactures equipment used in the testing and inspection of electronic components, technology-based systems

for curing and surface treatment processes as well as medical devices and component technologies. The company is headquartered in Westlake, Ohio, and has direct operations and sales-support offices in approximately 30 countries.

Acquisitions

In November 2022, it was announced Nordson Corporation had completed the acquisition of the Minneapolis, Minnesota-headquartered developer and manufacturer of high-precision 3D optical sensing technology, CyberOptics Corporation.

In August 2023, Nordson completed the acquisition of ARAG Group of Italy for €960 million in an all-cash deal.

Corporate structure and company culture

Nordson Corporation is headquartered in Westlake, Ohio, U.S., with its Global Headquarters located at 28601 Clemens Road, Westlake, Ohio 44145-4551. The company operates globally and comprises nine distinct divisions, each serving unique industry sectors:

Nordson Adhesive Dispensing Systems

Nordson EFD (Engineered Fluid Dispensing)

Nordson Electronics Solutions

Nordson Industrial Coating Solutions

Nordson Measurement & Control

Nordson Medical

Nordson Polymer Processing Systems

Nordson Precision Agriculture

Nordson Test & Inspection

There are facilities and sales-support offices in approximately 30 countries.

Finance

Key financial trends for Nordson Corporation are based on fiscal years ending October 31:

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$2.79B

2016-10-31 → 2025-10-31

EPS$8.51

2016-10-31 → 2025-10-31

Free Cash Flow$661M

2017-10-31 → 2025-10-31

Net margin18.6%

2017-10-31 → 2025-10-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	NDSN	5Y avg	Peer Median	Verdict
P/E (TTM)	32.65Y avg ≈28.3	≈28.3	33.5	Fair value
P/S	6.45Y avg ≈5.1	≈5.1	5.2	Fair value
P/B	5.95Y avg ≈5.2	≈5.2	5.1	Undervalued
EV / EBITDA	25.15Y avg ≈20.1	≈20.1	21.6	Fair value
Price / FCF	27.25Y avg ≈25.1	≈25.1	·	·
Price / Cash Flow	25.05Y avg ≈22.9	≈22.9	26.7	Undervalued
EV / Revenue	7.15Y avg ≈5.7	≈5.7	·	·
EV / FCF	30.15Y avg ≈27.5	≈27.5	·	·
PEG Ratio	≈2.2	·	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	NDSN	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	26.9%5Y avg ≈25.9%	≈25.9%	20.4%	Top tier
EBITDA Margin (TTM)	29.4%5Y avg ≈28.3%	≈28.3%	23.4%	Top tier
Pretax Margin (TTM)	22.6%5Y avg ≈23.2%	≈23.2%	18.6%	Top tier
Net Profit Margin (TTM)	18.6%5Y avg ≈18.5%	≈18.5%	15.2%	Top tier
ROA (TTM)	9.3%5Y avg ≈10.6%	≈10.6%	7.6%	In line
ROE (TTM)	17.8%5Y avg ≈19.1%	≈19.1%	13.3%	Top tier
ROIC	11.5%5Y avg ≈13.8%	≈13.8%	9.3%	Top tier

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	NDSN	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.55Y avg ≈0.6	≈0.6	0.2	High debt
Current Ratio (MRQ)	1.85Y avg ≈2.0	≈2.0	1.9	In line
Quick Ratio	0.95Y avg ≈1.2	≈1.2	1.0	In line
Long-Term Debt / Equity (MRQ)	0.55Y avg ≈0.5	≈0.5	0.3	High debt

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	NDSN	5Y avg	Peer Median	Verdict
Revenue YoY	3.8%5Y avg ≈5.7%	≈5.7%	·	·
Revenue CAGR 3Y	2.5%5Y avg ≈4.8%	≈4.8%	·	·
Revenue CAGR 5Y	5.7%	·	·	·
EPS YoY	4.9%5Y avg ≈18.4%	≈18.4%	·	·
Net Income YoY	3.7%5Y avg ≈17.9%	≈17.9%	·	·
EPS CAGR 3Y	-1.1%5Y avg ≈8.7%	≈8.7%	·	·
EPS CAGR 5Y	14.8%	·	·	·
Net Income CAGR 3Y	-1.9%5Y avg ≈8.0%	≈8.0%	·	·
Net Income CAGR 5Y	14.2%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	NDSN	5Y avg	Peer Median	Verdict
EPS (Diluted)	$8.515Y avg ≈$8.33	≈$8.33	·	·
Revenue / Share	$49.055Y avg ≈$45.21	≈$45.21	·	·
Cash Flow / Share	$12.645Y avg ≈$10.30	≈$10.30	·	·
Cash / Share	$1.945Y avg ≈$2.80	≈$2.80	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	NDSN	5Y avg	Peer Median	Verdict
Asset Turnover	0.55Y avg ≈0.6	≈0.6	0.6	Weak
Inventory Turnover	2.75Y avg ≈3.0	≈3.0	4.2	Weak
Receivables Turnover	4.75Y avg ≈4.8	≈4.8	6.0	Weak
Revenue / Employee	≈$340.4K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13

Dividend Yield0.99%

Payout Ratio37.0%

Annualized Payout≈$3.76Paid quarterly

5Y Div CAGR≈15.2%Per share, split-adjusted

Growth Streak≈38Consecutive years of dividend growth

Ex-date	Amount	Currency	Yield
Sep 10, 2026	$0.94	USD	≈1.1%
Jun 18, 2026	$0.82	USD	≈1.1%
Mar 19, 2026	$0.82	USD	≈1.2%
Dec 17, 2025	$0.82	USD	≈1.3%
Sep 11, 2025	$0.82	USD	≈1.4%
Jun 18, 2025	$0.78	USD	≈1.5%
Mar 20, 2025	$0.78	USD	≈1.5%
Jan 2, 2025	$0.78	USD	≈1.4%
Aug 27, 2024	$0.78	USD	≈1.1%
May 20, 2024	$0.68	USD	≈1.0%
Feb 16, 2024	$0.68	USD	≈1.0%
Dec 18, 2023	$0.68	USD	≈1.0%
Aug 21, 2023	$0.68	USD	≈1.1%
May 22, 2023	$0.65	USD	≈1.2%
Feb 17, 2023	$0.65	USD	≈1.00%
Dec 19, 2022	$0.65	USD	≈0.99%
Aug 22, 2022	$0.65	USD	≈0.93%
May 23, 2022	$0.51	USD	≈0.99%
Feb 18, 2022	$0.51	USD	≈0.84%
Dec 20, 2021	$0.51	USD	≈0.73%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 0.57%

Next Report Dec 08, 2026

Period	Report	EPS Actual	EPS Est	Surprise
Sept. 30, 2026	Aug 19, 2026	$3.25	$3.17	2.7%
June 30, 2026	May 20, 2026	$2.86	$2.88	-0.53%
March 31, 2026		$2.37	$2.42	-2.2%
Dec. 31, 2025		$3.03	$2.99	1.4%
Sept. 30, 2025		$2.73	$2.69	1.5%
June 30, 2025		$2.42	$2.41	0.53%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.79B	$2.69B	$2.63B	$2.59B	$2.36B	$2.12B	$2.19B	$2.25B	$2.07B	$1.81B	$1.69B	$1.70B
Cost of Revenue	$1.25B	$1.20B	$1.20B	$1.16B	$1.04B	$991M	$1.00B	$1.02B	$928M	$815M	$775M	$759M
R&D Expense	$68M	$65M	$71M	$53M	$59M	$64M	$60M	$59M	$52M	$46M	$47M	$48M
SG&A Expense	$816M	$812M	$753M	$724M	$709M	$694M	$709M	$734M	$673M	$605M	$585M	$575M
Operating Expenses	$2.08B	$2.02B	$1.96B	$1.89B	$1.75B	$1.77B	$1.71B	$1.75B	$1.60B	$1.42B	$1.37B	$1.34B
Operating Income	$712M	$674M	$673M	$702M	$615M	$350M	$483M	$503M	$466M	$388M	$318M	$367M
Interest Expense	·	·	$60M	$22M	$25M	$32M	$47M	$50M	$37M	$21M	$18M	$15M
Interest Income	$3M	$5M	$3M	$2M	$2M	$2M	$2M	$1M	$1M	$728.0K	$558.0K	$581.0K
Other Non-op	$-13M	$-5M	$-597.0K	$9M	$-18M	$-18M	$-7M	$-6M	$-11M	$657.0K	$678.0K	$-138.0K
Pretax Income	$598M	$585M	$615M	$649M	$574M	$301M	$431M	$449M	$420M	$368M	$301M	$353M
Income Tax	$113M	$118M	$128M	$136M	$120M	$52M	$94M	$71M	$124M	$97M	$90M	$106M
Net Income	$484M	$467M	$487M	$513M	$454M	$250M	$337M	$377M	$296M	$272M	$211M	$247M
EPS (Basic)	$8.56	$8.17	$8.54	$8.90	$7.82	$4.32	$5.87	$6.51	$5.14	$4.76	$3.48	$3.88
EPS (Diluted)	$8.51	$8.11	$8.46	$8.81	$7.74	$4.27	$5.79	$6.40	$5.08	$4.73	$3.45	$3.84
Shares (Basic)	56,606,000	57,176,000	57,090,000	57,629,000	58,091,000	57,757,000	57,462,000	57,970,000	57,533,000	57,060,000	60,652,000	63,656,000
Shares (Diluted)	56,916,000	57,616,000	57,631,000	58,249,000	58,734,000	58,473,000	58,202,000	58,931,000	58,204,000	57,530,000	61,151,000	64,281,000
EBITDA	$791M	$810M	$785M	$702M	$615M	·	$483M	$495M	$458M	·	$318M	$367M

Balance Sheet 28

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$108M	$116M	$116M	$163M	$300M	$208M	$151M	$96M	$90M	$67M	$50M	$42M
Receivables	$588M	$595M	$591M	$537M	$489M	$472M	$531M	$491M	$505M	$429M	$390M	$366M
Inventory	$445M	$477M	$455M	$383M	$327M	$277M	$283M	$264M	$264M	$220M	$226M	$211M
Prepaid Expense	$102M	$87M	$68M	$49M	$48M	$44M	$46M	$33M	$29M	$29M	$21M	$24M
Current Assets	$1.24B	$1.28B	$1.23B	$1.13B	$1.16B	$1.02B	$1.01B	$884M	$888M	$746M	$712M	$673M
PP&E (Net)	$517M	$545M	$393M	$353M	$356M	$359M	$399M	$387M	$346M	$273M	$250M	$224M
PP&E (Gross)	$1.19B	$1.18B	$971M	$903M	$889M	$850M	$878M	$827M	$758M	$657M	$620M	$575M
Accum. Depreciation	$674M	$638M	$578M	$549M	$534M	$491M	$480M	$440M	$411M	$383M	$370M	$350M
Goodwill	$3.30B	$3.28B	$2.78B	$1.80B	$1.71B	$1.71B	$1.61B	$1.61B	$1.59B	$1.11B	$1.08B	$1.05B
Intangibles	$682M	$741M	$673M	$329M	$357M	$408M	$446M	$500M	$547M	$260M	$277M	$291M
Other Non-current Assets	$83M	$55M	$50M	$87M	$78M	$43M	$35M	$33M	$32M	$24M	$33M	$33M
Total Assets	$5.92B	$6.00B	$5.25B	$3.82B	$3.79B	$3.67B	$3.52B	$3.42B	$3.41B	$2.42B	$2.36B	$2.28B
Accounts Payable	$121M	$98M	$106M	$99M	$92M	$71M	$85M	$84M	$86M	$75M	$68M	$68M
Accrued Liabilities	$229M	$225M	$200M	$207M	$202M	$168M	$162M	$175M	$173M	$163M	$141M	$137M
Short-term Debt	$0	·	·	·	·	·	·	·	·	·	·	·
Current Liabilities	$758M	$528M	$582M	$834M	$445M	$363M	$478M	$350M	$648M	$332M	$291M	$371M
Capital Leases	$64M	$81M	$92M	$91M	$98M	$109M	$0	$9M	$10M	$10M	$10M	$11M
Deferred Tax	$192M	$206M	$211M	$111M	$88M	$67M	$84M	$101M	$134M	$62M	$90M	$87M
Other Non-current Liabilities	$83M	$42M	$44M	$36M	$40M	$47M	$44M	$42M	$26M	$22M	$33M	$31M
Long-term Debt	$2.00B	$2.19B	$1.73B	$738M	$812M	$1.11B	$1.24B	$1.31B	$1.58B	$981M	$1.12B	$694M
Total Debt	$2.00B	$2.21B	$1.74B	$738M	$816M	·	$1.24B	$1.31B	$1.58B	·	$1.12B	$694M
Common Stock	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M
Retained Earnings	$4.60B	$4.30B	$3.99B	$3.65B	$3.27B	$2.91B	$2.75B	$2.49B	$2.16B	$1.93B	$1.72B	$1.56B
Treasury Stock	$2.21B	$1.90B	$1.88B	$1.79B	$1.53B	$1.47B	$1.43B	$1.32B	$1.30B	$1.30B	$1.27B	$894M
AOCI	$-100M	$-185M	$-196M	$-208M	$-176M	$-226M	$-232M	$-179M	$-134M	$-168M	$-145M	$-103M
Stockholders' Equity	$3.04B	$2.93B	$2.60B	$2.29B	$2.16B	$1.76B	$1.58B	$1.45B	$1.16B	$852M	$660M	$905M
Liabilities + Equity	$5.92B	$6.00B	$5.25B	$3.82B	$3.79B	$3.67B	$3.52B	$3.42B	$3.41B	$2.42B	$2.36B	$2.28B
Shares Outstanding	55,920,000	57,197,000	57,007,000	57,111,000	58,154,000	58,081,000	57,600,000	58,037,000	57,715,000	57,307,000	57,358,000	62,435,000

Cash Flow 19

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$79M	$77M	$60M	$100M	$104M	·	·	·	·	·	·	·
Stock-based Comp	$19M	$19M	$23M	$31M	$23M	$13M	$18M	$22M	$20M	$18M	$15M	$17M
Deferred Tax	$-13M	$-19M	$-16M	$-11M	$4M	$-14M	$-1M	$-34M	$-472.0K	$-4M	$2M	$3M
Amort. of Intangibles	$79M	$77M	$60M	$51M	$51M	$57M	$55M	$55M	$45M	$29M	$27M	$25M
Restructuring	·	·	·	·	·	·	·	·	$39.0K	$5M	·	·
Other Non-cash	$149M	$-48M	$35M	·	·	·	·	·	·	·	·	·
Operating Cash Flow	$719M	$556M	$641M	$513M	$546M	$502M	$383M	$505M	$357M	$335M	$262M	$288M
CapEx	$58M	$64M	$35M	$51M	$38M	$51M	$64M	$90M	$72M	$61M	$62M	$44M
Investing Cash Flow	$-27M	$-844M	$-1.44B	$-223M	$-33M	$-194M	$-76M	$-140M	$-878M	$-102M	·	·
Debt Issued	$26M	$783M	$2.18B	$63M	$9M	$166M	$187M	$586M	$842M	$261M	$720M	$159M
Net Debt Issued	$-224M	$464M	$976M	$-34M	$-289M	·	$-68M	$-269M	$604M	·	$430M	$51M
Stock Issued	$9M	$31M	$21M	$12M	$32M	$51M	$26M	$19M	$14M	$11M	$5M	$7M
Stock Repurchased	$306M	$33M	$90M	$263M	$61M	$53M	$121M	$24M	$3M	$33M	$384M	$166M
Net Stock Activity	$-297M	$-2M	$-68M	$-251M	$-29M	·	$-94M	$-5M	$11M	·	$-378M	$-159M
Dividends Paid	$179M	$161M	$150M	$126M	$98M	$88M	$82M	$72M	$64M	$56M	$55M	$48M
Financing Cash Flow	$-706M	$294M	$751M	$-416M	$-423M	$-252M	$-251M	$-354M	$541M	$-214M	·	·
Net Change in Cash	$-8M	$273.0K	$-48M	$-137M	$92M	$57M	$55M	$5M	$23M	$17M	$8M	$-61.0K
Free Cash Flow	$661M	$492M	$607M	$462M	$508M	·	$319M	$415M	$278M	·	$200M	$245M
Levered FCF	·	·	$560M	$444M	$487M	·	$282M	$373M	$252M	·	$187M	$234M

Profitability 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	25.5%	25.1%	25.6%	27.1%	26.0%	·	22.0%	21.9%	22.1%	·	18.8%	21.5%
Net Margin	17.3%	17.4%	18.6%	19.8%	19.2%	·	15.4%	16.7%	14.3%	·	12.5%	14.5%
Pretax Margin	21.4%	21.8%	23.4%	25.1%	24.3%	·	19.7%	19.9%	20.3%	·	17.8%	20.7%
EBITDA Margin	28.3%	30.1%	29.8%	27.1%	26.0%	·	22.0%	21.9%	22.1%	·	18.8%	21.5%
ROA	8.1%	8.3%	10.8%	13.5%	12.2%	·	9.7%	11.0%	10.1%	·	9.1%	11.4%
ROE	16.1%	16.2%	18.8%	22.8%	21.5%	·	22.2%	29.0%	29.5%	·	27.0%	27.5%
ROIC	11.5%	10.5%	12.3%	18.3%	16.4%	·	13.4%	15.0%	11.8%	·	12.6%	16.1%

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.6	2.4	2.1	1.4	2.6	·	2.1	2.5	1.4	·	2.4	1.8
Quick Ratio	0.9	1.3	1.2	0.8	1.8	·	1.4	1.7	0.9	·	1.5	1.1
Debt / Equity	0.7	0.8	0.7	0.3	0.4	·	0.8	0.9	1.4	·	1.7	0.8
LT Debt / Equity	0.6	0.7	0.6	0.2	0.4	·	0.7	0.9	1.1	·	1.7	0.8
Interest Coverage	·	·	11.3	31.3	24.1	·	10.2	10.0	12.5	·	17.6	24.4

Efficiency 3

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.5	0.5	0.6	0.7	0.6	·	0.6	0.7	0.7	·	0.7	0.8
Inventory Turnover	2.7	2.6	2.9	3.3	3.4	·	3.7	3.9	3.8	·	3.5	3.7
Receivables Turnover	4.7	4.5	4.7	5.0	4.9	·	4.3	4.5	4.4	·	4.5	5.1

Per Share 6

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$54.43	$51.26	$45.57	$40.17	$37.13	·	$27.45	$25.00	$20.02	·	$11.51	$14.49
Revenue / Share	$49.05	$46.69	$45.61	$44.47	$40.22	·	$37.70	$38.26	$35.51	·	$27.61	$26.51
Cash Flow / Share	$12.64	$9.65	$11.13	$8.81	$9.29	·	$6.58	$8.56	$6.01	·	$4.28	$4.48
Cash / Share	$1.94	$2.03	$2.03	$2.86	$5.16	·	$2.62	$1.65	$1.57	·	$0.88	$0.68
Dividend / Share	$3.16	$2.82	$2.63	$2.18	$1.69	$1.53	$1.43	$1.25	$1.11	$0.99	$0.90	$0.76
EPS (TTM)	$8.51	$8.11	$8.46	$8.81	$7.74	$4.27	$5.79	$6.40	$5.08	$4.73	$3.45	$3.84

Growth Rates 10

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	3.8%	2.3%	1.5%	9.7%	11.4%	·	·	·	·	·	·	·
Revenue CAGR 3Y	2.5%	4.4%	7.4%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	5.7%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	4.9%	-4.1%	-4.0%	13.8%	81.3%	·	·	·	·	·	·	·
EPS CAGR 3Y	-1.1%	1.6%	25.6%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	14.8%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	3.7%	-4.2%	-5.0%	12.9%	82.1%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-1.9%	0.94%	25.0%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	14.2%	·	·	·	·	·	·	·	·	·	·	·
Dividends Paid CAGR 5Y	15.2%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$2.79B	$2.69B	$2.63B	$2.59B	$2.36B	$2.12B	$2.19B	$2.25B	$2.07B	$1.81B	$1.69B	$1.70B
Net Income TTM	$484M	$467M	$487M	$513M	$454M	$250M	$337M	$377M	$296M	$272M	$211M	$247M
Market Cap	$12.97B	$14.18B	$12.12B	$12.85B	$14.78B	·	$9.03B	$7.12B	$7.31B	·	$4.09B	$4.78B
Enterprise Value	$14.86B	$16.27B	$13.74B	$13.42B	$15.30B	·	$10.13B	$8.34B	$8.80B	·	$5.15B	$5.43B
P/E	27.3	30.6	25.1	25.5	32.8	45.3	27.1	19.2	24.9	21.2	20.6	19.9
P/S	4.6	5.3	4.6	5.0	6.3	·	4.1	3.2	3.5	·	2.4	2.8
P/B	4.3	4.8	4.7	5.6	6.8	·	5.7	4.9	6.3	·	6.2	5.3
P / Tangible Book	·	·	·	80.2	166.8	·	·	·	·	·	·	·
P / Cash Flow	18.0	25.5	18.9	25.0	27.1	·	23.6	14.1	20.9	·	15.6	16.6
P / FCF	19.6	28.8	20.0	27.8	29.1	·	28.3	17.2	26.3	·	20.4	19.5
EV / EBITDA	18.8	20.1	17.5	19.1	24.9	·	21.0	16.9	19.2	·	16.2	14.8
EV / FCF	22.5	33.1	22.6	29.1	30.1	·	31.8	20.1	31.7	·	25.8	22.2
EV / Revenue	5.3	6.0	5.2	5.2	6.5	·	4.6	3.7	4.3	·	3.1	3.2
Dividend Yield	1.4%	1.1%	1.2%	0.98%	0.66%	·	0.91%	1.0%	0.87%	·	1.3%	1.0%
Earnings Yield	3.7%	3.3%	4.0%	3.9%	3.0%	2.2%	3.7%	5.2%	4.0%	4.7%	4.8%	5.0%
Payout Ratio	37.0%	34.5%	30.8%	24.5%	21.5%	·	24.4%	19.2%	21.6%	·	26.0%	19.6%
Annual Payout	$179M	$161M	$150M	$126M	$98M	$88M	$82M	$72M	$64M	$56M	$55M	$48M

Income Statement 16

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue	$818M	$741M	$669M	$752M	$742M	$683M	$615M	$744M	$662M	$651M	$633M	$719M	$649M	$650M	$610M	$684M
Cost of Revenue	$364M	$337M	$303M	$328M	$335M	$309M	$280M	$342M	$293M	$285M	$285M	$335M	$288M	$298M	$282M	$320M
SG&A Expense	$231M	$207M	$200M	$209M	$207M	$205M	$195M	$224M	$202M	$197M	$189M	$199M	$189M	$180M	$185M	$186M
Operating Expenses	·	·	·	$538M	$554M	$514M	$474M	$566M	$495M	$482M	$474M	$534M	$478M	$478M	$466M	$506M
Operating Income	$223M	$197M	$166M	$214M	$188M	$169M	$141M	$179M	$167M	$169M	$159M	$185M	$171M	$173M	$144M	$178M
Interest Expense	·	·	·	·	·	·	·	·	$19M	$20M	$21M	·	$12M	$10M	$11M	·
Interest Income	$464.0K	$362.0K	$390.0K	$997.0K	$560.0K	$553.0K	$941.0K	$1M	$1M	$2M	$1M	$1M	$603.0K	$438.0K	$587.0K	$570.0K
Other Non-op	$-17M	$-10M	$21M	$-8M	$-3M	$-4M	$2M	$-4M	$152.0K	$-785.0K	$-338.0K	$1M	$3M	$-1M	$-3M	$46M
Pretax Income	$186M	$141M	$165M	$183M	$159M	$139M	$117M	$148M	$149M	$149M	$139M	$161M	$162M	$162M	$131M	$178M
Income Tax	$33M	$24M	$31M	$31M	$33M	$26M	$22M	$26M	$32M	$31M	$29M	$33M	$34M	$34M	$27M	$36M
Net Income	$153M	$117M	$133M	$152M	$126M	$112M	$95M	$122M	$117M	$118M	$110M	$128M	$128M	$128M	$104M	$141M
EPS (Basic)	$2.74	$2.10	$2.39	$2.69	$2.23	$1.98	$1.66	$2.13	$2.05	$2.07	$1.92	$2.25	$2.24	$2.23	$1.82	$2.46
EPS (Diluted)	$2.73	$2.09	$2.38	$2.67	$2.22	$1.97	$1.65	$2.12	$2.04	$2.05	$1.90	$2.22	$2.22	$2.21	$1.81	$2.43
Shares (Basic)	55,714,000	55,798,000	55,789,000	·	56,438,000	56,785,000	57,129,000	·	57,229,000	57,222,000	57,064,000	·	56,989,000	57,184,000	57,170,000	·
Shares (Diluted)	56,027,000	56,100,000	56,127,000	·	56,728,000	57,038,000	57,486,000	·	57,624,000	57,681,000	57,555,000	·	57,530,000	57,680,000	57,762,000	·
EBITDA	$223M	$197M	$203M	·	$188M	$169M	$178M	·	$167M	$169M	$193M	·	$171M	$173M	$171M	·

Balance Sheet 28

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Cash & Equivalents	$113M	$102M	$120M	$108M	$148M	$130M	$130M	$116M	$165M	$125M	$136M	·	$143M	$129M	$122M	·
Receivables	$649M	$607M	$572M	$588M	$589M	$624M	$531M	$595M	$539M	$530M	$538M	·	$534M	$528M	$547M	·
Inventory	$469M	$468M	$451M	$445M	$459M	$474M	$472M	$477M	$438M	$444M	$451M	·	$440M	$440M	$448M	·
Prepaid Expense	$96M	$101M	$109M	$102M	$91M	$96M	$92M	$87M	$82M	$86M	$83M	·	$60M	$58M	$62M	·
Current Assets	$1.33B	$1.28B	$1.25B	$1.24B	$1.33B	$1.32B	$1.23B	$1.28B	$1.22B	$1.19B	$1.21B	·	$1.18B	$1.16B	$1.18B	·
PP&E (Net)	·	·	·	$517M	·	·	·	$545M	·	·	·	·	·	·	·	·
PP&E (Gross)	·	·	·	$1.19B	·	·	·	$1.18B	·	·	·	·	·	·	·	·
Accum. Depreciation	·	·	·	$674M	·	·	·	$638M	·	·	·	·	·	·	·	·
Goodwill	$3.32B	$3.33B	$3.33B	$3.30B	$3.31B	$3.31B	$3.24B	$3.28B	$2.79B	$2.78B	$2.81B	$2.78B	$2.11B	$2.11B	$2.11B	$1.80B
Intangibles	$626M	$651M	$671M	$682M	$698M	$715M	$704M	$741M	$629M	$642M	$666M	·	$351M	$364M	$378M	·
Other Non-current Assets	$84M	$105M	$103M	$83M	$61M	$65M	$61M	$55M	$47M	$49M	$48M	·	$91M	$89M	$89M	·
Total Assets	$5.95B	$5.96B	$5.96B	$5.92B	$6.01B	$6.06B	$5.87B	$6.00B	$5.20B	$5.17B	$5.25B	·	$4.20B	$4.19B	$4.24B	$3.82B
Accounts Payable	$155M	$142M	$118M	$121M	$130M	$120M	$89M	$98M	$98M	$103M	$103M	·	$105M	$85M	$91M	·
Accrued Liabilities	$233M	$196M	$183M	$229M	$221M	$203M	$182M	$225M	$205M	$177M	$183M	·	$170M	$158M	$157M	·
Short-term Debt	$192M	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Current Liabilities	$728M	$492M	$460M	$758M	$783M	$517M	$484M	$528M	$518M	$536M	$552M	·	$529M	$990M	$825M	·
Capital Leases	$53M	$53M	$57M	$64M	$68M	$74M	$75M	$81M	$84M	$85M	$92M	·	$91M	$94M	$97M	·
Deferred Tax	$191M	$194M	$194M	$192M	$199M	$202M	$209M	$206M	$205M	$207M	$207M	·	$120M	$120M	$121M	·
Other Non-current Liabilities	$83M	$92M	$98M	$83M	$83M	$77M	$34M	$42M	$39M	$37M	$55M	·	$35M	$32M	$39M	·
Long-term Debt	$1.73B	$1.88B	$1.98B	$2.00B	$2.11B	$2.19B	$2.17B	$2.19B	$1.48B	$1.53B	$1.62B	·	$838M	$949M	$1.02B	·
Total Debt	$1.73B	$1.89B	$2.00B	·	$2.12B	$2.21B	$2.19B	·	$1.49B	$1.53B	$1.63B	·	$838M	$949M	$1.02B	·
Common Stock	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	$12M	·	$12M	$12M	$12M	·
Retained Earnings	$4.87B	$4.76B	$4.69B	$4.60B	$4.50B	$4.41B	$4.35B	$4.30B	$4.22B	$4.14B	$4.06B	·	$3.90B	$3.81B	$3.72B	·
Treasury Stock	$2.36B	$2.33B	$2.29B	$2.21B	$2.12B	$2.05B	$1.96B	$1.90B	$1.91B	$1.88B	$1.88B	·	$1.86B	$1.84B	$1.79B	·
AOCI	$-49M	$-26M	$-57M	$-100M	$-136M	$-141M	$-236M	$-185M	$-179M	$-186M	$-153M	·	$-129M	$-132M	$-132M	·
Stockholders' Equity	$3.27B	$3.20B	$3.11B	$3.04B	$2.98B	$2.96B	$2.88B	$2.93B	$2.85B	$2.79B	$2.72B	·	$2.58B	$2.50B	$2.45B	·
Liabilities + Equity	$5.95B	$5.96B	$5.96B	$5.92B	$6.01B	$6.06B	$5.87B	$6.00B	$5.20B	$5.17B	$5.25B	·	$4.20B	$4.19B	$4.24B	·
Shares Outstanding	·	·	·	55,920,000	·	·	·	57,197,000	·	·	·	·	·	·	·	·

Cash Flow 18

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
D&A	$37M	$36M	$37M	$-33M	$38M	$38M	$37M	$-23M	$33M	$33M	$34M	$-21M	$27M	$27M	$26M	$25M
Stock-based Comp	$6M	$6M	$5M	$6M	$4M	$5M	$5M	$4M	$5M	$5M	$5M	$6M	$6M	$5M	$6M	$7M
Deferred Tax	$-4M	$-10M	$6M	$-9M	$509.0K	$-2M	$-2M	$-15M	$-2M	$-4M	$2M	$-15M	$-316.0K	$-336.0K	$-278.0K	$362.0K
Amort. of Intangibles	$19M	$19M	$20M	$20M	$20M	$20M	$19M	$20M	$19M	$19M	$19M	$18M	$14M	$14M	$14M	$12M
Other Non-cash	·	·	$-40M	·	·	·	$25M	·	·	·	$23M	·	·	·	$-13M	·
Operating Cash Flow	$249M	$181M	$140M	$203M	$238M	$119M	$159M	$96M	$165M	$123M	$172M	$163M	$190M	$165M	$123M	$173M
CapEx	$13M	$10M	$18M	$9M	$12M	$16M	$21M	$21M	$22M	$14M	$8M	$10M	$9M	$6M	$9M	$12M
Investing Cash Flow	$-15M	$-22M	$-18M	$18M	$-18M	$-13M	$-14M	$-810M	$-20M	$-9M	$-6M	$-1.03B	$-9M	$-6M	$-387M	$-12M
Debt Issued	$2M	$0	$267M	$663.0K	$307.0K	$23M	$2M	$779M	$660.0K	$3M	$805.0K	$899M	$493M	$219M	$567M	$0
Net Debt Issued	·	·	$2M	·	·	·	$-23M	·	·	·	$-107M	·	·	·	$252M	·
Stock Issued	$6M	$24M	$19M	$4M	$3M	$2M	$1M	$2M	$2M	$13M	$14M	$3M	$7M	$3M	$9M	$3M
Stock Repurchased	$29M	$43M	$86M	$88M	$72M	$86M	$60M	$-766.0K	$26M	$556.0K	$7M	$12M	$24M	$47M	$7M	$29M
Net Stock Activity	·	·	$-67M	·	·	·	$-59M	·	·	·	$7M	·	·	·	$2M	·
Dividends Paid	$46M	$46M	$46M	$46M	$44M	$44M	$45M	$45M	$39M	$39M	$39M	$39M	$37M	$37M	$37M	$37M
Financing Cash Flow	$-222M	$-177M	$-112M	$-262M	$-204M	$-113M	$-128M	$665M	$-105M	$-125M	$-140M	$853M	$-167M	$-151M	$216M	$-122M
Net Change in Cash	$11M	$-18M	$12M	$-39M	$18M	$-267.0K	$14M	$-49M	$40M	$-11M	$21M	$-27M	$14M	$7M	$-41M	$35M
Free Cash Flow	·	·	$123M	·	·	·	$138M	·	·	·	$165M	·	·	·	$114M	·
Levered FCF	·	·	·	·	·	·	·	·	·	·	$148M	·	·	·	$106M	·

Profitability 7

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Operating Margin	27.3%	26.6%	24.9%	·	25.3%	24.7%	22.9%	·	25.2%	25.9%	25.2%	·	26.4%	26.5%	23.6%	·
Net Margin	18.7%	15.8%	19.9%	·	17.0%	16.5%	15.4%	·	17.7%	18.2%	17.3%	·	19.7%	19.6%	17.1%	·
Pretax Margin	22.7%	19.1%	24.6%	·	21.5%	20.3%	19.0%	·	22.6%	22.9%	21.9%	·	25.0%	24.9%	21.5%	·
EBITDA Margin	27.3%	26.6%	30.3%	·	25.3%	24.7%	28.9%	·	25.2%	25.9%	30.5%	·	26.4%	26.5%	28.0%	·
ROA	2.6%	1.9%	2.2%	·	2.2%	2.0%	1.7%	·	2.5%	2.5%	2.3%	·	3.2%	3.2%	2.6%	·
ROE	4.9%	3.8%	4.5%	·	4.3%	3.9%	3.4%	·	4.3%	4.5%	4.2%	·	5.3%	5.4%	4.5%	·
ROIC	3.7%	3.2%	2.6%	·	2.9%	2.6%	2.2%	·	3.0%	3.1%	2.9%	·	4.0%	4.0%	3.3%	·

Liquidity & Solvency 5

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Current Ratio	1.8	2.6	2.7	·	1.7	2.6	2.5	·	2.4	2.2	2.2	·	2.2	1.2	1.4	·
Quick Ratio	1.0	1.4	1.5	·	0.9	1.5	1.4	·	1.4	1.2	1.2	·	1.3	0.7	0.8	·
Debt / Equity	0.5	0.6	0.6	·	0.7	0.7	0.8	·	0.5	0.6	0.6	·	0.3	0.4	0.4	·
LT Debt / Equity	0.5	0.6	0.6	·	0.6	0.7	0.7	·	0.5	0.5	0.6	·	0.3	0.1	0.2	·
Interest Coverage	·	·	·	·	·	·	·	·	8.9	8.4	7.4	·	14.1	17.4	13.7	·

Efficiency 3

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Asset Turnover	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.2	0.2	0.2	·
Inventory Turnover	0.8	0.7	0.7	·	0.7	0.7	0.6	·	0.7	0.6	0.6	·	0.7	0.7	0.7	·
Receivables Turnover	1.3	1.2	1.2	·	1.3	1.2	1.2	·	1.2	1.2	1.2	·	1.2	1.3	1.2	·

Per Share 4

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue / Share	$14.59	$13.21	$11.93	·	$13.07	$11.97	$10.71	·	$11.48	$11.28	$11.00	·	$11.28	$11.27	$10.57	·
Cash Flow / Share	·	·	$2.50	·	·	·	$2.77	·	·	·	$2.99	·	·	·	$2.14	·
Dividend / Share	$0.82	$0.82	$0.82	$0.82	$0.78	$0.78	$0.78	$0.78	$0.68	$0.68	$0.68	$0.68	$0.65	$0.65	$0.65	$0.65
EPS (TTM)	$9.87	$9.36	$9.24	·	$7.96	$7.78	$7.86	·	$8.21	$8.39	$8.55	·	$8.67	$8.90	$8.57	·

Valuation (TTM) 6

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue TTM	$2.98B	$2.90B	$2.85B	·	$2.78B	$2.70B	$2.67B	·	$2.66B	$2.65B	$2.65B	·	$2.59B	$2.61B	$2.59B	·
Net Income TTM	$555M	$528M	$523M	·	$455M	$447M	$452M	·	$473M	$483M	$493M	·	$501M	$515M	$497M	·
P/E	30.2	30.8	29.7	·	26.9	24.4	28.0	·	30.5	30.8	29.4	·	29.0	24.3	28.4	·
Earnings Yield	3.3%	3.2%	3.4%	·	3.7%	4.1%	3.6%	·	3.3%	3.2%	3.4%	·	3.5%	4.1%	3.5%	·
Payout Ratio	·	·	34.3%	·	·	·	47.1%	·	·	·	35.5%	·	·	·	35.7%	·
Annual Payout	$183M	$182M	$180M	·	$178M	$173M	$167M	·	$156M	$154M	$152M	·	$149M	$141M	$133M	·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-10-31	2024-10-31	2023-10-31	2022-10-31	2021-10-31
Revenue	$2.79B	$2.69B	$2.63B	$2.59B	$2.36B
Operating Margin %	25.5%	25.1%	25.6%	27.1%	26.0%
Net Income	$484M	$467M	$487M	$513M	$454M
Diluted EPS	$8.51	$8.11	$8.46	$8.81	$7.74

Metric	2025-10-31	2024-10-31	2023-10-31	2022-10-31	2021-10-31
Debt / Equity	0.7	0.8	0.7	0.3	0.4
Current Ratio	1.6	2.4	2.1	1.4	2.6
Quick Ratio	0.9	1.3	1.2	0.8	1.8

Metric	2025-10-31	2024-10-31	2023-10-31	2022-10-31	2021-10-31
Free Cash Flow	$661M	$492M	$607M	$462M	$508M

Institutional owners (13F) 813 filers · $14.2B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 813

Value held $14.2B

New positions 100

Exited positions 44

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
100 (0 vs prior Q)	44 (-10 vs prior Q)	294 (+50 vs prior Q)	240 (-12 vs prior Q)	+2.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
VANGUARD GROUP INC	$1,504,514,768	6,257,600	10.60%	Shares
BlackRock, Inc.	$1,248,447,089	4,138,179	8.80%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$1,045,420,713	3,465,215	7.37%	Shares
STATE STREET CORP	$899,868,277	2,975,009	6.34%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$712,038,481	2,360,166	5.02%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$573,448,204	1,906,425	4.04%	Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$516,982,305	1,713,620	3.64%	Shares
MORGAN STANLEY	$427,844,024	1,418,155	3.01%	Shares
Invesco Ltd.	$397,800,290	1,318,573	2.80%	Shares
FMR LLC	$253,538,583	840,395	1.79%	Shares
NORGES BANK	$215,721,021	715,042	1.52%	Shares
JPMORGAN CHASE & CO	$207,643,732	684,866	1.46%	Shares
GOLDMAN SACHS GROUP INC	$191,977,122	636,339	1.35%	Shares
ProShare Advisors LLC	$174,290,838	577,715	1.23%	Shares
NORTHERN TRUST CORP	$160,432,407	531,779	1.13%	Shares
AMERIPRISE FINANCIAL INC	$148,039,922	490,674	1.04%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$147,125,766	487,672	1.04%	Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$144,875,687	479,769	1.02%	Shares
DIMENSIONAL FUND ADVISORS LP	$140,689,237	466,324	0.99%	Shares
Bank of New York Mellon Corp	$127,229,556	421,723	0.90%	Shares
JENNISON ASSOCIATES LLC	$120,233,421	398,533	0.85%	Shares
WELLS FARGO & COMPANY/MN	$118,284,610	392,074	0.83%	Shares
AQR CAPITAL MANAGEMENT LLC	$98,008,179	325,112	0.69%	Shares
AMERICAN CENTURY COMPANIES INC	$96,896,492	321,179	0.68%	Shares
Caisse de depot et placement du Quebec	$95,993,233	318,185	0.68%	Shares
UBS Group AG	$95,771,490	317,450	0.67%	Shares
MILLENNIUM MANAGEMENT LLC	$91,680,574	303,890	0.65%	Shares
JOHNSON INVESTMENT COUNSEL INC	$90,641,841	300,447	0.64%	Shares
VANGUARD FIDUCIARY TRUST CO	$89,729,545	297,423	0.63%	Shares
DEUTSCHE BANK AG\	$89,393,463	296,309	0.63%	Shares
Boston Trust Walden Corp	$88,510,019	293,381	0.62%	Shares
Gotham Asset Management, LLC	$85,356,850	282,929	0.60%	Shares
CONFLUENCE INVESTMENT MANAGEMENT LLC	$83,802,787	255,613	0.59%	Shares
CIBC Bancorp USA Inc.	$83,087,840	275,410	0.59%	Shares
Quantinno Capital Management LP	$77,391,083	256,525	0.55%	Shares
RAYMOND JAMES FINANCIAL INC	$76,669,505	254,134	0.54%	Shares
BANK OF AMERICA CORP /DE/	$75,008,009	248,626	0.53%	Shares
Nuveen, LLC	$72,005,866	238,676	0.51%	Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$71,412,897	268,409	0.50%	Shares
Legal & General Group Plc	$71,372,012	236,574	0.50%	Shares
MCDANIEL TERRY & CO	$70,547,247	233,840	0.50%	Shares
PFA Pension, Forsikringsaktieselskab	$66,611,739	220,795	0.47%	Shares
PRINCIPAL FINANCIAL GROUP INC	$64,833,084	214,899	0.46%	Shares
ENVESTNET ASSET MANAGEMENT INC	$63,673,286	211,055	0.45%	Shares
SCHRODER INVESTMENT MANAGEMENT GROUP	$59,833,273	198,327	0.42%	Shares
XXEC, Inc.	$55,144,168	191,958	0.39%	Shares
Vest Financial, LLC	$55,095,848	168,052	0.39%	Shares
ROYAL BANK OF CANADA	$54,937,000	182,104	0.39%	Shares
ROFFMAN MILLER ASSOCIATES INC /PA/	$47,732,266	235,823	0.34%	Shares
NOMURA ASSET MANAGEMENT CO LTD	$47,010,543	155,824	0.33%	Shares

Show all 813 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Nordson Corporation (2) ×2 filings	Aug. 21, 2024	·	Initial filing	M&A / sale	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 55 insiders · 26 officers · 24 directors

19

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Sundaram Nagarajan	President and CEO	Feb. 24, 2026 M	64,824	1	$-12,258,268
Daniel Roy Hopgood	EVP, CFO	Aug. 26, 2026 M	4,758	1	$-444,271
Gregory A Thaxton	Former EVP and CFO	Aug. 28, 2020 F	48,430	0	$0
HELLMAN PETER S	PRESIDENT	Jan. 2, 2008 F	47,308	0	$0
Joseph M Rutledge	VP, CAO	Sept. 15, 2026 S	2,134	1	$-211,616
Justin E Hall	EVP	Sept. 1, 2026 F	1,397	1	$-197,487
Jennifer L Mcdonough	EVP, GC, and Secretary	Aug. 27, 2026 S	6,346	1	$-87,360
Srinivas Subramanian	Executive Vice President	April 17, 2026 M	6,407	2	$-868,000
James E Devries	Executive Vice President	April 16, 2026 F	49,906	1	$-2,125,760
Sarah Siddiqui	EVP, CHRO	Feb. 27, 2026 F	5,058	0	$0
Joseph P Kelley	Executive Vice President	Feb. 24, 2026 M	7,268	41	$-9,226,062
Stephen F Shamrock	VP and CAO	July 10, 2025 J	391	0	$0
Stephen Lovass	Executive Vice President	June 13, 2025 F	4,666	0	$0
Jeffrey A Pembroke	Executive Vice President	Nov. 1, 2023 F	16,166	0	$0
Shelly Peet	Executive Vice President	March 22, 2023 J	24,177	0	$0
Gregory P Merk	Executive Vice President	Nov. 30, 2021 F	20,045	0	$0
Gina A. Beredo	Exec. VP, Gen. Counsel & Sec.	May 26, 2021 M	7,015	0	$0
Joseph Stockunas	Executive Vice President	Dec. 31, 2020 F	13,771	0	$0
Douglas C Bloomfield	Vice President	Jan. 3, 2017 F	43,957	0	$0
Peter Lambert	Senior Vice President	Jan. 9, 2014 S	25,558	0	$0
GROOS MICHAEL	Vice President	June 5, 2009 S	10,999	0	$0
DUNN ROBERT A JR	Sr. Vice President	Jan. 9, 2009 A	17,270	0	$0
FIELDS BRUCE H	Vice President	Jan. 9, 2009 A	4,393	0	$0
MCLANE DONALD J	RETIRED VICE PRESIDENT	Dec. 12, 2006 G	99,637	0	$0
PELLECCHIA NICHOLAS D	RETIRED	March 10, 2006 G	33,168	0	$0
GACKA MARK G	VICE PRESIDENT	Sept. 30, 2005 D	14,643	0	$0
Milton Mayo Morris	Director	Oct. 14, 2026 S	2,265	4	$-261,143
John A Deford	Director	July 31, 2026 A	5,902	0	$0
Christopher L Mapes	Director	July 31, 2026 A	3,025	0	$0
Annette K Clayton	Director	May 1, 2026 A	2,098	0	$0
Jennifer A Parmentier	Director	Nov. 1, 2025 A	4,304	0	$0
Ginger M Jones	Director	Nov. 1, 2025 A	6,280	0	$0
Frank M Jaehnert	Director	Nov. 1, 2025 A	20,311	0	$0
Victor L Richey JR	Director	Nov. 1, 2025 A	20,968	0	$0
Michael J Merriman	Director	Nov. 1, 2025 A	29,515	0	$0
Mary G Puma	Director	July 14, 2023 S	16,835	0	$0
Arthur L George Jr	Director	May 27, 2022 J	10,435	0	$0
Randy W Carson	Director	Nov. 2, 2020 A	29,596	0	$0
Lee C Banks	Director	Nov. 2, 2020 A	17,252	0	$0
KEITHLEY JOSEPH P	Director	Nov. 2, 2020 A	51,497	0	$0
ROBINSON WILLIAM L	Director	May 10, 2013 A	4,780	0	$0
MADAR WILLIAM P	Director	Sept. 1, 2011 M	85,387	0	$0
HARDIS STEPHEN R	Director	July 8, 2010 A	54,298	0	$0
GINN WILLIAM D	Director	Feb. 15, 2010 A	715	0	$0
CAMPBELL EDWARD P	Director	Feb. 3, 2010 M	339,450	0	$0
COLVILLE WILLIAM W	Director	Dec. 8, 2009 A	5,437	0	$0
NORD ERIC T	Director	Dec. 6, 2005 M	1,437,952	0	$0
BROWN GLENN R	Director	Sept. 12, 2005 M	8,186	0	$0
Russell Leroy Bauknight	10% owner	Sept. 7, 2005 S	0	0	$0
NORD EVAN W	10% owner	April 2, 2004 M	363,085	0	$0
John J Keane	·	Feb. 1, 2021 F	52,581	0	$0
Michael F Hilton	·	Jan. 23, 2020 S	171,724	0	$0
Robert E Veillette	·	Dec. 29, 2017 F	53,100	0	$0
David W Ignat	·	Feb. 28, 2012 D	2,684,057	0	$0
ROSEN BENEDICT P	·	March 1, 2011 A	308	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 123 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
KMID · Virtus ETF Trust II	2.80%	4,286 NS	July 31, 2026	N-PORT
RSMC · Tidal Trust III	2.28%	58,490 NS	July 31, 2026	N-PORT
ROBO · EXCHANGE TRADED CONCEPTS TRUST	1.57%	104,798 NS	July 31, 2026	N-PORT
KNG · First Trust Exchange-Traded Fund IV	1.40%	166,545 NS	July 31, 2026	N-PORT
RSPN · Invesco Exchange-Traded Fund Trust	1.22%	27,897 SH	Oct. 23, 2026	Daily
COWG · Pacer Funds Trust	1.16%	86,295 NS	July 31, 2026	N-PORT
SPLV · Invesco Exchange-Traded Fund Trust …	0.96%	221,704 SH	Oct. 23, 2026	Daily
QQQJ · Invesco Exchange-Traded Fund Trust …	0.89%	33,049 SH	Oct. 23, 2026	Daily
NPFE · Elevation Series Trust	0.82%	17,915 NS	July 31, 2026	N-PORT
LCLG · Advisors Series Trust	0.81%	2,929 NS	July 31, 2026	N-PORT
IQSM · New York Life Investments ETF Trust	0.60%	6,658 NS	July 31, 2026	N-PORT
HUSV · First Trust Exchange-Traded Fund III	0.57%	1,419 NS	July 31, 2026	N-PORT
FTC · First Trust Exchange-Traded AlphaDE…	0.56%	24,887 NS	July 31, 2026	N-PORT
SNPD · DBX ETF Trust	0.54%	51 NS	Aug. 31, 2026	N-PORT
ISCG · iShares Trust	0.51%	15,888 SH	Sept. 11, 2026	Daily
GSY · Invesco Actively Managed Exchange-T…	0.48%	19,000,000	Oct. 23, 2026	Daily
VBK · VANGUARD INDEX FUNDS	0.44%	701,029 SH	Aug. 19, 2026	Daily
BKMC · BNY Mellon ETF Trust	0.41%	8,824 NS	July 31, 2026	N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr…	0.32%	21,948 NS	July 31, 2026	N-PORT
FAD · First Trust Exchange-Traded AlphaDE…	0.28%	5,409 NS	July 31, 2026	N-PORT
FEX · First Trust Exchange-Traded AlphaDE…	0.27%	14,011 NS	July 31, 2026	N-PORT
FSMD · FIDELITY COVINGTON TRUST	0.26%	21,829 NS	July 31, 2026	N-PORT
SMMD · iShares Trust	0.23%	28,220 SH	Sept. 11, 2026	Daily
FIDU · FIDELITY COVINGTON TRUST	0.22%	17,324 NS	July 31, 2026	N-PORT
SIZE · iShares Trust	0.22%	3,095 SH	Sept. 11, 2026	Daily
FXR · First Trust Exchange-Traded AlphaDE…	0.22%	5,510 NS	July 31, 2026	N-PORT
VIS · VANGUARD WORLD FUND	0.21%	64,381 SH	Aug. 19, 2026	Daily
DUSL · Direxion Shares ETF Trust	0.21%	392 NS	July 31, 2026	N-PORT
IYJ · iShares Trust	0.20%	12,519 SH	Sept. 11, 2026	Daily
EUSA · iShares, Inc.	0.20%	12,587 SH	Sept. 11, 2026	Daily
RSP · Invesco Exchange-Traded Fund Trust	0.20%	625,249 SH	Oct. 23, 2026	Daily
VB · VANGUARD INDEX FUNDS	0.19%	1,213,658 SH	Aug. 19, 2026	Daily
VFMO · VANGUARD WELLINGTON FUND	0.17%	11,339 SH	Aug. 19, 2026	Daily
REVS · Columbia ETF Trust I	0.17%	1,904 NS	July 31, 2026	N-PORT
EXI · iShares Trust	0.17%	7,708 SH	Sept. 11, 2026	Daily
SPHQ · Invesco Exchange-Traded Fund Trust	0.16%	94,236 SH	Oct. 23, 2026	Daily
IWS · iShares Trust	0.16%	78,641 SH	Sept. 11, 2026	Daily
DEUS · DBX ETF Trust	0.15%	1,447 NS	Aug. 31, 2026	N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr…	0.14%	38,290 NS	July 31, 2026	N-PORT
PEXL · Pacer Funds Trust	0.14%	230 NS	July 31, 2026	N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe…	0.13%	4,212,000	Oct. 22, 2026	Daily
IWR · iShares Trust	0.12%	216,001 SH	Sept. 11, 2026	Daily
RECS · Columbia ETF Trust I	0.12%	22,627 NS	July 31, 2026	N-PORT
FTLS · First Trust Exchange-Traded Fund III	0.11%	9,061 NS	July 31, 2026	N-PORT
VFMV · VANGUARD WELLINGTON FUND	0.10%	1,362 SH	Aug. 19, 2026	Daily
XOEF · iShares Trust	0.09%	68 SH	Sept. 11, 2026	Daily
DFUV · Dimensional ETF Trust	0.09%	46,001 NS	July 31, 2026	N-PORT
SPMO · Invesco Exchange-Traded Fund Trust …	0.09%	59,712 SH	Oct. 23, 2026	Daily
VIG · VANGUARD SPECIALIZED FUNDS	0.07%	299,400 SH	Aug. 19, 2026	Daily
PALC · Pacer Funds Trust	0.07%	492 NS	July 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.07%	5,093 NS	July 31, 2026	N-PORT
USXF · iShares Trust	0.07%	3,150 SH	Sept. 11, 2026	Daily
PFM · Invesco Exchange-Traded Fund Trust	0.06%	1,581 SH	Oct. 23, 2026	Daily
PFIG · Invesco Exchange-Traded Fund Trust …	0.06%	80,000	Oct. 23, 2026	Daily
MTUM · iShares Trust	0.06%	48,092 SH	Sept. 11, 2026	Daily
PWS · Pacer Funds Trust	0.06%	46 NS	July 31, 2026	N-PORT
IVE · iShares Trust	0.05%	87,692 SH	Sept. 11, 2026	Daily
IUSV · iShares Trust	0.05%	46,706 SH	Sept. 11, 2026	Daily
VOOV · VANGUARD ADMIRAL FUNDS	0.05%	12,161 SH	Aug. 19, 2026	Daily
MNZL · EA Series Trust	0.05%	44 NS	July 31, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.05%	78,006 NS	July 31, 2026	N-PORT
EQAL · Invesco Exchange-Traded Fund Trust …	0.04%	1,139 SH	Oct. 23, 2026	Daily
IWD · iShares Trust	0.04%	117,055 SH	Sept. 11, 2026	Daily
DXUV · Dimensional ETF Trust	0.04%	790 NS	July 31, 2026	N-PORT
SNPE · DBX ETF Trust	0.04%	3,880 NS	Aug. 31, 2026	N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS	0.04%	31,823 SH	Aug. 19, 2026	Daily
DGRO · iShares Trust	0.04%	54,511 SH	Sept. 11, 2026	Daily
OMFL · Invesco Exchange-Traded Self-Indexe…	0.04%	5,439 SH	Oct. 23, 2026	Daily
DFVX · Dimensional ETF Trust	0.04%	631 NS	July 31, 2026	N-PORT
GTOS · Invesco Actively Managed Exchange-T…	0.03%	41,000	Oct. 22, 2026	Daily
QVML · Invesco Exchange-Traded Fund Trust …	0.03%	1,712 SH	Oct. 23, 2026	Daily
CATH · Global X Funds	0.03%	1,370 NS	July 31, 2026	N-PORT
TOPC · iShares Trust	0.03%	33 SH	Sept. 11, 2026	Daily
ESGV · VANGUARD WORLD FUND	0.03%	11,927 SH	Aug. 19, 2026	Daily
CHRI · Global X Funds	0.03%	8 NS	July 31, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.03%	3,293 NS	July 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.03%	11,734 NS	July 31, 2026	N-PORT
XVV · iShares Trust	0.03%	607 SH	Sept. 11, 2026	Daily
ESG · FlexShares Trust	0.03%	120 NS	July 31, 2026	N-PORT
SPXD · DBX ETF Trust	0.03%	6 NS	Aug. 31, 2026	N-PORT
DFLV · Dimensional ETF Trust	0.03%	6,039 NS	July 31, 2026	N-PORT
TILT · FlexShares Trust	0.03%	1,896 NS	July 31, 2026	N-PORT
XYLD · Global X Funds	0.03%	2,809 NS	July 31, 2026	N-PORT
PBP · Invesco Exchange-Traded Fund Trust	0.03%	318 SH	Oct. 23, 2026	Daily
XRMI · Global X Funds	0.03%	43 NS	July 31, 2026	N-PORT
XCLR · Global X Funds	0.03%	3 NS	July 31, 2026	N-PORT
IVV · iShares Trust	0.02%	669,205 SH	Sept. 11, 2026	Daily
PBUS · Invesco Exchange-Traded Fund Trust …	0.02%	8,260 SH	Oct. 23, 2026	Daily
PTLC · Pacer Funds Trust	0.02%	2,684 NS	July 31, 2026	N-PORT
XYLG · Global X Funds	0.02%	51 NS	July 31, 2026	N-PORT
IYY · iShares Trust	0.02%	2,299 SH	Sept. 11, 2026	Daily
DFUS · Dimensional ETF Trust	0.02%	16,288 NS	July 31, 2026	N-PORT
USCL · iShares Trust	0.02%	2,131 SH	Sept. 11, 2026	Daily
IWB · iShares Trust	0.02%	36,388 SH	Sept. 11, 2026	Daily
IWV · iShares Trust	0.02%	14,790 SH	Sept. 11, 2026	Daily
SPUU · Direxion Shares ETF Trust	0.02%	200 NS	July 31, 2026	N-PORT
QDPL · Pacer Funds Trust	0.02%	1,277 NS	July 31, 2026	N-PORT
ITOT · iShares Trust	0.02%	67,804 SH	Sept. 11, 2026	Daily
PHDG · Invesco Actively Managed Exchange-T…	0.02%	42 SH	Oct. 23, 2026	Daily
PRF · Invesco Exchange-Traded Fund Trust	0.02%	6,762 SH	Oct. 23, 2026	Daily
VOO · VANGUARD INDEX FUNDS	0.02%	1,377,300 SH	Aug. 19, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.02%	1,679,490 SH	Aug. 19, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.02%	8,650 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.02%	4,436 SH	Aug. 19, 2026	Daily
HCMT · Direxion Shares ETF Trust	0.02%	367 NS	July 31, 2026	N-PORT
TOK · iShares Trust	0.02%	147 SH	Sept. 11, 2026	Daily
XTR · Global X Funds	0.02%	3 NS	July 31, 2026	N-PORT
URTH · iShares, Inc.	0.02%	4,908 SH	Sept. 11, 2026	Daily
SPXL · Direxion Shares ETF Trust	0.02%	4,144 NS	July 31, 2026	N-PORT
KOKU · DBX ETF Trust	0.02%	448 NS	Aug. 31, 2026	N-PORT
ACWI · iShares Trust	0.02%	16,831 SH	Sept. 11, 2026	Daily
RWL · Invesco Exchange-Traded Fund Trust …	0.01%	4,822 SH	Oct. 23, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.01%	46,183 SH	Aug. 19, 2026	Daily
CRBN · iShares Trust	0.01%	284 SH	Sept. 11, 2026	Daily
GTO · Invesco Actively Managed Exchange-T…	0.00%	4,000	Oct. 20, 2026	Daily
BIV · VANGUARD BOND INDEX FUNDS	·	·	July 15, 2026	Daily
BSV · VANGUARD BOND INDEX FUNDS	·	·	July 15, 2026	Daily
BND · VANGUARD BOND INDEX FUNDS	·	·	July 15, 2026	Daily
VCSH · VANGUARD SCOTTSDALE FUNDS	·	·	July 15, 2026	Daily
VCIT · VANGUARD SCOTTSDALE FUNDS	·	·	July 15, 2026	Daily
BNDW · VANGUARD SCOTTSDALE FUNDS	·	·	July 14, 2026	Daily
ISCB · iShares Trust	·	2,248 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	20,052 SH	Sept. 11, 2026	Daily

NDSN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 14 analysts BUY

Median target $360.00 +11.8%

3 21.4% Strong Buy

6 42.9% Buy

5 35.7% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

7 analysts · 2026-10-26

Mean target $349.71 +8.6%

Now Current price $321.98

Low$282.00 Mean$349.71 High$375.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
NDSN	$12.97B	27.3	3.8%	17.3%	16.1%	·
DOV	·	24.6	4.5%	13.5%	14.7%	39.8%
XYL	$33.17B	34.7	5.5%	10.6%	8.6%	38.5%
SYM	$30.81B	-325.9	25.7%	-0.75%	-8.1%	18.8%
SNA	·	18.3	0.93%	19.7%	18.0%	·
FTV	$17.30B	31.9	1.9%	13.9%	7.0%	63.5%
ITT	·	28.4	8.5%	12.4%	14.2%	35.4%
IEX	$16.03B	27.8	5.8%	14.0%	12.3%	44.5%
RBC	$17.42B	58.6	14.3%	15.4%	8.8%	44.4%
SWK	$11.86B	28.9	-1.5%	2.7%	4.4%	·
LECO	$13.14B	25.7	5.6%	12.3%	36.5%	36.2%

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Daily Dividend Report: GD,SUI,WRB,JCI,NDSN Nasdaq · 04 Jun 2026, 17:56 3 Industrial Dividend Stocks That Keep Paying No Matter What the Market Does Nasdaq · 02 May 2026, 20:18 Nordson's Q2 2026 Earnings: What to Expect Yahoo Finance · 25 Apr 2026, 19:29 These 2 Dividend Stocks Are Worth Buying More of While the Market Is Distracted Nasdaq · 04 Apr 2026, 16:13

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NDSN Nordson Corporation - Common Stock