Creative Planning Invests $165,000 in Northern Technologies International Co. (NASDAQ:NTIC)

Creative Planning acquired a new position in Northern Technologies International Co. (NASDAQ:NTIC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,048 shares of the specialty chemicals company’s stock, valued at approximately $165,000. Creative Planning owned approximately 0.14% of Northern Technologies International at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NTIC. Morgan Stanley increased its stake in shares of Northern Technologies International by 333.4% in the 2nd quarter. Morgan Stanley now owns 1,621 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 1,247 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Northern Technologies International by 100.0% in the 3rd quarter. California Public Employees Retirement System now owns 21,400 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 10,700 shares in the last quarter. Sheets Smith Wealth Management increased its stake in shares of Northern Technologies International by 100.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 39,365 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 19,734 shares in the last quarter. BlackRock Inc. increased its stake in shares of Northern Technologies International by 31.7% in the 2nd quarter. BlackRock Inc. now owns 21,774 shares of the specialty chemicals company’s stock worth $533,000 after purchasing an additional 5,240 shares in the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new stake in Northern Technologies International in the 2nd quarter worth $747,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Shares of NTIC stock opened at $12.08 on Tuesday. Northern Technologies International Co. has a 52-week low of $10.02 and a 52-week high of $17.50. The firm has a market capitalization of $109.34 million, a PE ratio of 21.96 and a beta of 1.03. The stock has a fifty day simple moving average of $12.14 and a two-hundred day simple moving average of $15.82.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings results on Tuesday, November 12th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.10). Northern Technologies International had a return on equity of 8.88% and a net margin of 9.35%. The business had revenue of $13.45 million during the quarter, compared to analysts’ expectations of $15.20 million. Equities analysts anticipate that Northern Technologies International Co. will post 0.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 5th. This is a positive change from Northern Technologies International’s previous quarterly dividend of $0.06. Northern Technologies International’s dividend payout ratio is presently 47.27%.

A number of brokerages have issued reports on NTIC. Zacks Investment Research upgraded Northern Technologies International from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday. Northland Securities began coverage on Northern Technologies International in a research note on Thursday, September 12th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, ValuEngine upgraded Northern Technologies International from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Northern Technologies International Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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Institutional Ownership by Quarter for Northern Technologies International (NASDAQ:NTIC)

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