Dividend Aristocrats In Focus: Nordson Corporation – Sure Dividend

Up to date on March 18th, 2026 by Nathan Parash

Annually, we individually assessment every of the Dividend Aristocrats, a bunch of 69 shares within the S&P 500 Index which have raised their dividends for at the least 25 consecutive years.

To make it on the checklist of Dividend Aristocrats, an organization should possess a worthwhile enterprise mannequin, a beneficial model, international aggressive benefits, and the power to face up to recessions. This is the reason Dividend Aristocrats can proceed to lift their dividends in tough years.

With this in thoughts, we’ve created a listing of all 69 Dividend Aristocrats.

You possibly can obtain your free copy of the Dividend Aristocrats checklist, together with necessary monetary metrics reminiscent of price-to-earnings ratios and dividend yields, by clicking on the hyperlink beneath:

Disclaimer: Certain Dividend will not be affiliated with S&P International in any method. S&P International owns and maintains The Dividend Aristocrats Index. The knowledge on this article and downloadable spreadsheet relies on Certain Dividend’s personal assessment, abstract, and evaluation of the S&P 500 Dividend Aristocrats ETF (NOBL) and different sources, and is supposed to assist particular person buyers higher perceive this ETF and the index upon which it’s primarily based. Not one of the info on this article or spreadsheet is official knowledge from S&P International. Seek the advice of S&P International for official info.

One firm that has a really spectacular dividend development observe document is Nordson Company (NDSN), which has raised its dividend for 62 consecutive years.

This text will focus on the corporate’s enterprise overview, development prospects, aggressive benefits, and anticipated returns.

Enterprise Overview

Nordson was based in 1954 in Amherst, Ohio, by brothers Eric and Evan Nord, however the firm’s roots return to 1909 with the U.S. Computerized Firm.

As we speak, the corporate has operations in over 35 international locations and engineers, manufactures, and markets merchandise used for allotting adhesives, coatings, sealants, biomaterials, plastics, and different supplies. These merchandise have purposes starting from diapers and straws to cell telephones and aerospace.

Supply: Investor Presentation

On February 18th, 2026, Nordson reported first quarter outcomes for the interval ending January thirty first, 2026. (Nordson’s fiscal yr ends October thirty first.) The corporate reported that gross sales elevated 9% to $669 million. Development was pushed by a 7% enchancment in natural gross sales and a 4% tailwind from favorable forex trade, partly offset by the divestiture of the medical contract manufacturing enterprise.

Adjusted EPS grew 15% to $2.37, whereas the backlog elevated 4%, indicating stable future demand.

The Industrial Precision Options and Superior Know-how segments noticed gross sales improve by 9% and 23%, respectively, whereas Medical and Fluid Options income was comparatively flat

For Q2, Nordson expects gross sales between $710 and $740 million, with adjusted EPS of $2.70 to $2.90. The corporate sees bettering order traits and a rising backlog as indicators of power in its enterprise.

For the fiscal yr, Nordson expects income in a variety of $2.86 billion to $2.98 billion, which might be a 4.6% improve from FY 2025 on the midpoint. Adjusted earnings-per-share are projected to be in a variety of $11.00 to $11.60. On the midpoint, this may characterize development of 10.4% year-over-year.

Development Prospects

From 2016 by way of 2025, Nordson grew earnings-per-share by a stable 9.1% yearly. Nevertheless, this development price has speed up to 13.3% over the previous 5 years.

In its funding thesis, Nordson lists components reminiscent of best-in-class know-how that reinforces shopper manufacturing whereas slicing prices, a worldwide service mannequin, a balanced revenue stream, and a profitable observe document.

A rising demand for disposable items, productiveness investments, cellular computing, a rise in the usage of medical gadgets, and the manufacturing of light-weight/lean automobiles are all areas of development for the corporate’s adhesive and coating sectors, and would add to the corporate’s high line.

Nordson will preserve making acquisitions to realize entry to distinctive precision applied sciences and strengthen its aggressive benefit.

For instance, in 2023 Nordson accomplished its acquisition of the ARAG Group. ARAG is a world market and innovation chief in growing, producing and supplying precision management techniques and good fluid parts for agricultural spraying. Extra not too long ago, the corporate added Atrion Company in 2024, which expanded Nordson’s footprint within the areas of infusion fluid supply and area of interest cardiovascular options.

Acquisitions will probably stay a viable possibility for the corporate has it really works to additional its development.

Supply: Investor Presentation

We mission 10% EPS development over the subsequent 5 years, pushed by a rise in high line income, modest margin growth, and the favorable results of acquisitions.

Aggressive Benefits & Recession Efficiency

Nordson’s aggressive benefit lies in its proprietary precision applied sciences. The enterprise provides specialised and important parts utilized in varied manufacturing processes.

This has enabled Nordson to muster an unlimited put in base of consumers worldwide. Because of its intensive international presence, Nordson has diversified its income geographically and by business and phase.

Nevertheless, this doesn’t indicate that Nordson is proof against financial downturns. Earnings decreased by -32% for the yr throughout the Nice Monetary Disaster earlier than quickly growing. Given the corporate’s reliance on international growth, one other recession may scale back its projections for near-term development.

Valuation & Anticipated Returns

Nordson’s present price-to-earnings ratio is 23.9 primarily based on our 2026 forecasted earnings-per-share of $11.30. This valuation is barely decrease than the corporate’s trailing decade common P/E ratio of about 24.0. Given its stable prospects, we consider that 25 occasions earnings is an inexpensive truthful worth estimate for Nordson.

Given shares commerce below our truthful worth estimate as we speak, Nordson inventory may expertise a constructive return of roughly 0.9% per yr over the subsequent 5 years from an increasing a number of.

Nordson additionally has a 1.2% dividend yield, which has elevated yearly for 62 years. Moreover, we forecast a payout ratio of solely 29% for 2026, leaving ample room for continued will increase within the years forward.

Combining the corporate’s 1.2% dividend yield, our forecasted EPS development price of 10%, and the potential valuation tailwind, we see Nordson inventory producing complete returns of 12.1% per yr within the intermediate time period. In consequence, Nordson receives a purchase score presently.

Ultimate Ideas

The corporate’s development prospects appear promising, and Nordson has a formidable observe document of earnings and dividends. The corporate is at the moment buying and selling at a decrease degree, which will increase its attractiveness.

We anticipate that Nordson will publish one other document yr for adjusted earnings-per-share. Furthermore, we consider that Nordson will proceed to develop at a excessive price over the medium-term. This long-term earnings development and the very conservative dividend payout ratio ought to see the corporate growing its dividend for a lot of extra years forward.

Moreover, the next Certain Dividend databases comprise probably the most dependable dividend growers in our funding universe:

If you happen to’re on the lookout for shares with distinctive dividend traits, contemplate the next Certain Dividend databases:

The main home inventory market indices are one other stable useful resource for locating funding concepts. Certain Dividend compiles the next inventory market databases and updates them month-to-month: