Northern Technologies International (NASDAQ:NTIC) Price Target Increased to $20.00 by Analysts at Northland Securities

Northern Technologies International (NASDAQ:NTIC) had its price objective hoisted by Northland Securities from $19.00 to $20.00 in a research note released on Friday morning, Benzinga reports. Northland Securities currently has an outperform rating on the specialty chemicals company’s stock.

NTIC has been the subject of a number of other research reports. TheStreet raised shares of Northern Technologies International from a c+ rating to a b- rating in a report on Tuesday, February 27th. StockNews.com raised shares of Northern Technologies International from a hold rating to a buy rating in a report on Tuesday, April 9th.

Northern Technologies International Trading Up 7.4 %

NASDAQ NTIC opened at $14.87 on Friday. The company has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $12.56. The stock has a market cap of $140.22 million, a P/E ratio of 28.60 and a beta of 0.72. Northern Technologies International has a 12-month low of $10.08 and a 12-month high of $15.96.

Northern Technologies International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.88%. Northern Technologies International’s dividend payout ratio (DPR) is presently 53.85%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Meros Investment Management LP increased its holdings in Northern Technologies International by 7.3% in the first quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock valued at $2,481,000 after buying an additional 14,119 shares in the last quarter. State Street Corp increased its holdings in Northern Technologies International by 15.0% in the first quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock valued at $231,000 after buying an additional 2,512 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Northern Technologies International by 234.7% in the second quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 2,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Northern Technologies International by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 340,233 shares of the specialty chemicals company’s stock valued at $4,528,000 after buying an additional 3,089 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Northern Technologies International by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company’s stock valued at $848,000 after buying an additional 977 shares in the last quarter. Hedge funds and other institutional investors own 32.88% of the company’s stock.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. 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.