Nordson Management
Management criteria checks 4/4
Nordson's CEO is Naga Nagarajan, appointed in Aug 2019, has a tenure of 7.08 years. total yearly compensation is $8.15M, comprised of 12.9% salary and 87.1% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $23.07M. The average tenure of the management team and the board of directors is 2.8 years and 6.8 years respectively.
Key information
Naga Nagarajan
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 12.87% |
| CEO tenure | 7.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.8yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
Narrative Update • Sep 03
NDSN: Backlog And Semiconductor Dispense Demand Will Support Rich Earnings Multiple
Nordson's updated analyst price target has moved higher, with fair value rising from about $264.89 to $288.30 as analysts factor in stronger expectations around Advanced Technology Solutions growth, healthy order trends across Industrial Precision and Medical and Fluid Solutions, and backlog support following recent quarterly results. Analyst Commentary Recent Street commentary on Nordson has centered on stronger expectations for its Advanced Technology Solutions segment, supported by demand related to semiconductor dispensing and reported momentum in orders across other segments.Seeking Alpha • Aug 24
Nordson: AI Chip Tailwinds Drive Durable Growth, But This Is Priced For Perfection
Summary Nordson Corporation is set for durable, mid-single-digit growth, driven by semiconductor and AI infrastructure demand, especially in the Advanced Technology Solutions segment. NDSN reported strong Q3 ’26 results, with the ATS and MFS segments growing 28% and 5%, respectively, and raised guidance for the year. Despite operational strength and an improved balance sheet, NDSN shares are trading near the upper end of their historical EV/EBITDA range, limiting near-term upside. I assign a Hold rating and a $347/share price target, emphasizing incremental growth, margin expansion, and portfolio durability with a $3.28/share forward dividend. Read the full article on Seeking Alpha
Narrative Update • Jun 26
NDSN: Backlog Strength And ATS Semiconductor Demand Will Shape Measured Outlook
The Nordson analyst fair value estimate has been lifted from $310.50 to about $319.13, as analysts point to raised Street price targets, stronger backlog trends, and higher earnings expectations tied to demand in Advanced Technology Solutions and semiconductor related applications. Analyst Commentary Recent Street research on Nordson highlights both optimism around the company’s execution and some areas investors may want to watch more closely.Analysis Article • Jun 16
Nordson (NDSN) Stock Could Be 5.9% Undervalued After Recent Share Price Strength
Nordson (NDSN) is back in focus after recent share price strength, with the stock up over the past week, month, and past 3 months. This has prompted investors to reassess its valuation and fundamentals. See our latest analysis for Nordson. At a share price of $292.24, Nordson has logged a 21.25% year to date share price return. The 35.68% total shareholder return over the past year points to momentum building as investors reassess growth prospects and risk. If Nordson’s recent strength has...Narrative Update • Jun 11
NDSN: Backlog And ATS Demand Will Balance Rich Future Earnings Multiple
Analysts have nudged their price targets for Nordson higher to a range of $335 to $345 as growing backlog, stronger Advanced Technology Solutions demand, and raised long-term earnings estimates feed into slightly higher fair value and revenue growth assumptions, alongside a modestly lower discount rate and projected P/E. Analyst Commentary Recent research points to a constructive tone on Nordson, with higher price targets framed around a larger backlog and stronger demand within the Advanced Technology Solutions segment.Narrative Update • May 28
NDSN: Advanced Technology Outlook Will Temper Concerns Around Rich Future Earnings Multiple
Analysts have lifted their Nordson price target by $10 to $345, citing stronger expected growth in the Advanced Technology Solutions segment; solid semiconductor dispense demand; accelerating Test & Inspection orders; and improving Automotive trends that together support slightly higher revenue growth, a somewhat lower profit margin, and an updated future P/E assumption. Analyst Commentary Recent research points to a more constructive view on Nordson's earnings power, particularly within the Advanced Technology Solutions segment, where stronger semiconductor dispense demand and accelerating Test & Inspection orders are feeding into updated forecasts.Narrative Update • May 06
NDSN: Synced Segment Execution And Buybacks Will Shape Measured Forward Outlook
Nordson's analyst fair value estimate has moved from $308.43 to $310.50 as analysts factor in higher price targets of up to $325 and $335, citing Q1 results at the high end of guidance, margin flow through, and signs of stabilizing demand in Automotive and Polymer Processing Systems. Analyst Commentary Recent research reflects a more constructive tone on Nordson, with higher price targets linked to Q1 execution, margin flow through, and early signs of demand stabilization in key end markets.Narrative Update • Apr 19
NDSN: Synced Segment Execution And Buybacks Will Shape Balanced Forward Outlook
Narrative Update The analyst price target for Nordson has moved higher into the $325 to $335 range, with analysts pointing to Q1 results near the top of guidance, stronger ATS margins, and signs of demand stabilization in Automotive and Polymer Processing Systems as key supports for the new targets. Analyst Commentary Bullish analysts have adjusted their targets higher into the low to mid $300s, pointing to execution in Q1 and pockets of demand stabilization as key supports for their updated outlooks.Narrative Update • Apr 05
NDSN: Synced Segment Momentum And Buybacks Will Support Further Upside Potential
Analysts have inched their blended price target for Nordson slightly higher to about $308 from roughly $307, citing stronger-than-guided Q1 sales, solid margin flow-through in ATS, and signs of stabilization in Automotive and Polymer Processing Systems demand. Analyst Commentary Recent Street commentary reflects a constructive tone on Nordson, with price targets lifted into the low to mid $300s following the latest quarter.Narrative Update • Mar 22
NDSN: Synced Segment Momentum And Buybacks Will Support Future Upside Potential
Nordson's updated fair value moves modestly lower from $313.40 to $307.38, even as analysts lift price targets into the $325 to $335 range on the back of stronger than guided Q1 performance and signs of stabilization in Automotive and Polymer Processing Systems demand. Analyst Commentary Recent Street research around Nordson reflects generally constructive sentiment on execution and end market trends, even as the updated fair value remains below the latest price targets.Narrative Update • Mar 07
NDSN: Synchronized Segment Momentum And Buybacks Will Support Future Return Profile
Analysts have raised their fair value estimate for Nordson by about $18 to $313.40, citing recent price target increases to $325 and $335 that reflect confidence in the company's Q1 execution and expectations for more balanced organic growth across key segments. Analyst Commentary Recent research points to a constructive tone around Nordson, with higher price targets reflecting confidence in both execution and the potential for more evenly distributed growth across its segments.Narrative Update • Feb 21
NDSN: Buybacks And 2026 Guidance Will Support Balanced Return Prospects
Analysts have revised their price target on Nordson to $295.40 from $274.18, reflecting updated views on fair value, discount rate, revenue growth, profit margins, and expected future P/E multiples. What's in the News Nordson issued earnings guidance for the first quarter of fiscal 2026, with sales forecast in the range of $630 million to $670 million and adjusted earnings of $2.25 to $2.45 per diluted share (company guidance).Narrative Update • Feb 07
NDSN: 2026 Sales Guidance Will Reinforce Concerns About Rich Earnings Multiple
Analysts have nudged their price target on Nordson slightly higher to about US$243 from US$242, pointing to updated assumptions around modestly stronger revenue growth, profit margins, and a slightly lower discount rate, alongside a nearly steady forward P/E view. What's in the News From August 1, 2025 to October 31, 2025, Nordson repurchased 389,000 shares, representing 0.69% of shares, for US$87.45 million under its ongoing buyback program (Key Developments).Analysis Article • Feb 04
Should You Investigate Nordson Corporation (NASDAQ:NDSN) At US$278?
Today we're going to take a look at the well-established Nordson Corporation ( NASDAQ:NDSN ). The company's stock saw a...Narrative Update • Jan 24
NDSN: Buybacks And Margin Outlook Will Support Balanced Return Prospects
Analysts have nudged their Nordson fair value estimate higher from US$271 to about US$274. This reflects slightly higher assumed profit margins and a modestly richer future P/E multiple, even as they temper revenue growth expectations and hold the discount rate essentially steady.Narrative Update • Jan 09
NDSN: Share Buybacks And 2026 Guidance Will Shape A Balanced Outlook
Analysts have lifted their price target on Nordson from US$212.16 to US$242.00, citing updated assumptions that include a higher discount rate, adjusted revenue growth and profit margin expectations, and a lower future P/E multiple. What's in the News Between August 1, 2025 and October 31, 2025, Nordson repurchased 389,000 shares, about 0.69% of its shares, for US$87.45 million under its ongoing buyback program (Key Developments).Narrative Update • Dec 26
NDSN: Future Margin Strength And Buybacks Will Drive Share Upside
Analysts have modestly raised their price target for Nordson to approximately $271 per share, up about $7 from prior estimates. They cite expectations for slightly higher long term profitability and valuation multiples, despite tempering near term revenue growth assumptions.Narrative Update • Dec 12
NDSN: Stronger Long Term Margins Will Support Upside In Shares
Analysts have raised their price target on Nordson by approximately $8 per share, reflecting slightly higher long term revenue growth and profit margin assumptions that support a modestly richer valuation multiple. What's in the News Issued first quarter fiscal 2026 sales guidance of $630 to $670 million, with adjusted earnings expected between $2.25 and $2.45 per diluted share (company guidance).Narrative Update • Aug 27
Integration Of Atrion Acquisition Will Boost Manufacturing Efficiencies With NBS Next
Driven by a moderate sales and operational beat, renewed management confidence, and expectations of a return to organic growth in key segments, analysts have raised their consensus price target for Nordson from $251.80 to $256.30. Analyst Commentary Bullish analysts cite a moderate sales and operational beat in the recent quarter, with results surpassing expectations.Seeking Alpha • Mar 19
Nordson's Growth Strategy: Acquisitions, Tariffs, And The Investment Case
Summary Nordson is fundamentally sound but heavily reliant on acquisitions for growth. Future returns may be lower unless Nordson improves capital efficiency or executes more cost-effective acquisitions. The company has maintained profitability and strong cash flow but faces challenges from high reinvestment rates and limited pricing power. Assuming that it can avoid the tariff impact, Nordson's stock is fairly valued with no margin of safety, making it less attractive at current levels. Read the full article on Seeking AlphaSeeking Alpha • Jan 06
Nordson: A Dividend Aristocrat Reinforcing Its Position Through Tuck-In Acquisitions
Summary Nordson Corp., an American multinational corporation that manufactures equipment used for the precise dispensing of adhesives, coatings, sealants, and other materials, is now a $12 billion (by market cap) manufacturing might. NDSN has taken all of this simple and practical wonderfulness and combined it with a programmatic acquisition strategy that scales the business beyond organic growth potential through tuck-in acquisitions designed to open up new opportunities and markets. The company increased its dividend for an incredible 61 consecutive years, with a 10-year dividend growth rate of 15.4%. Nordson increased its revenue from $1.7 billion in FY 2015 to $2.7 billion in FY 2024, a compound annual growth rate of 5.3%. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jul 31 2026 | n/a | n/a | US$555m |
| Apr 30 2026 | n/a | n/a | US$528m |
| Jan 31 2026 | n/a | n/a | US$523m |
| Oct 31 2025 | US$8m | US$1m | US$484m |
| Jul 31 2025 | n/a | n/a | US$455m |
| Apr 30 2025 | n/a | n/a | US$447m |
| Jan 31 2025 | n/a | n/a | US$452m |
| Oct 31 2024 | US$9m | US$1m | US$467m |
| Jul 31 2024 | n/a | n/a | US$473m |
| Apr 30 2024 | n/a | n/a | US$483m |
| Jan 31 2024 | n/a | n/a | US$493m |
| Oct 31 2023 | US$7m | US$975k | US$487m |
| Jul 31 2023 | n/a | n/a | US$501m |
| Apr 30 2023 | n/a | n/a | US$515m |
| Jan 31 2023 | n/a | n/a | US$497m |
| Oct 31 2022 | US$8m | US$900k | US$513m |
| Jul 31 2022 | n/a | n/a | US$482m |
| Apr 30 2022 | n/a | n/a | US$483m |
| Jan 31 2022 | n/a | n/a | US$497m |
| Oct 31 2021 | US$11m | US$870k | US$454m |
| Jul 31 2021 | n/a | n/a | US$362m |
| Apr 30 2021 | n/a | n/a | US$307m |
| Jan 31 2021 | n/a | n/a | US$275m |
| Oct 31 2020 | US$5m | US$883k | US$250m |
| Jul 31 2020 | n/a | n/a | US$334m |
| Apr 30 2020 | n/a | n/a | US$341m |
| Jan 31 2020 | n/a | n/a | US$341m |
| Oct 31 2019 | US$3m | US$213k | US$337m |
Compensation vs Market: Naga's total compensation ($USD8.15M) is below average for companies of similar size in the US market ($USD14.74M).
Compensation vs Earnings: Naga's compensation has been consistent with company performance over the past year.
CEO
Naga Nagarajan (63 yo)
7.1yrs
Tenure
US$8,153,901
Compensation
Mr. Sundaram Nagarajan, also known as Naga, serves as Director of WESCO International, Inc. since September 01, 2022. He serves as a Trustee at Manufacturers Alliance for Productivity and Innovation, Inc....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.1yrs | US$8.15m | 0.13% $ 23.1m | |
| Executive VP & CFO | 2.3yrs | US$2.23m | 0.0018% $ 321.1k | |
| Executive VP | 4.8yrs | US$1.79m | 0.0057% $ 1.0m | |
| Executive VP of Industrial Precision Solutions Leader | 2.8yrs | US$2.69m | 0.00052% $ 91.8k | |
| VP & Chief Accounting Officer | 1.2yrs | no data | 0.0012% $ 217.0k | |
| Vice President of Investor Relations & Corporate Communications | 8.4yrs | no data | no data | |
| Vice President of Corporate Development | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.6yrs | no data | 0.0041% $ 716.4k | |
| Executive Vice President of Medical & Fluid Solutions | 1.4yrs | no data | 0.0011% $ 202.9k | |
| Senior Director of Investor Relations | less than a year | no data | no data |
2.8yrs
Average Tenure
53yo
Average Age
Experienced Management: NDSN's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.1yrs | US$8.15m | 0.13% $ 23.1m | |
| Independent Director | 5.8yrs | US$302.47k | 0.0086% $ 1.5m | |
| Independent Director | 14.6yrs | US$327.20k | 0.035% $ 6.2m | |
| Independent Chairman of the Board | 16.6yrs | US$481.79k | 0.036% $ 6.4m | |
| Independent Director | 18.1yrs | US$416.09k | 0.0031% $ 538.2k | |
| Independent Director | 2.7yrs | US$308.81k | 0.0023% $ 404.1k | |
| Independent Director | 6.8yrs | US$330.87k | 0.0098% $ 1.7m | |
| Independent Director | 4yrs | US$288.50k | 0.0030% $ 536.4k | |
| Independent Director | 5.8yrs | US$301.09k | 0.0063% $ 1.1m |
6.8yrs
Average Tenure
64yo
Average Age
Experienced Board: NDSN's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 13:28 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/07/31 |
| Annual Earnings | 2025/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nordson Corporation is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Halloran | Baird |
| Matthew Gall | Barrington Research Associates, Inc. |
| Andrew Buscaglia | Berenberg |