NOVT Stock — Novanta Inc.

Novanta Inc. (NOVT)

Updated October 16, 2026.

NOVT is a Stock. Total return is 708.1% over the past 27.6 years, 162.2 points behind SPY at 870.3%.

Novanta Inc. manufactures precision technologies for medical and industrial applications, including laser systems, robotic motion control, medical imaging solutions, and operating room technologies across two main segments: Automation Enabling Technologies and Medical Solutions. The company does not currently pay distributions. Novanta appeals to growth-oriented investors seeking exposure to specialized precision engineering and medical device markets rather than income-focused investors.

NOVT performance versus SPY

Price and return data through 2026-10-16.

Total return is 708.1% over the past 27.6 years, 162.2 points behind SPY at 870.3%. Over the past year its total return — price change plus distributions reinvested — is 20.8%. Its deepest 1-year drawdown was 27.0%.

NOVT key facts

Asset type

Stock

Asset class

Equity

Inception date

03/24/1999

Distribution frequency

None

Last close

$128.79 (as of 2026-10-16)

Market cap

$4,870,550,598

Average volume

240639.0

Beta

1.725

Payout ratio

0.0%

P/E ratio

81.51

Forward P/E

8.3893

EPS

$1.58

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NOVT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 27.0%.

Who may consider NOVT — and who may not

It is a weaker fit for investors who need monthly cash flow (NOVT does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NOVT

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Tagged: Technology.

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