Clifford Swan Investment Counsel LLC Buys 37,453 Shares of Novo Nordisk A/S $NVO

Clifford Swan Investment Counsel LLC lifted its stake in shares of Novo Nordisk A/S (NYSE:NVOFree Report) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 311,168 shares of the company’s stock after acquiring an additional 37,453 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Novo Nordisk A/S were worth $17,267,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P raised its position in Novo Nordisk A/S by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 12,576,031 shares of the company’s stock valued at $867,998,000 after purchasing an additional 187,789 shares in the last quarter. Folketrygdfondet increased its stake in shares of Novo Nordisk A/S by 1.2% during the third quarter. Folketrygdfondet now owns 10,211,913 shares of the company’s stock valued at $566,659,000 after buying an additional 117,370 shares during the period. Sustainable Growth Advisers LP raised its holdings in shares of Novo Nordisk A/S by 11.7% in the second quarter. Sustainable Growth Advisers LP now owns 6,192,636 shares of the company’s stock valued at $427,416,000 after acquiring an additional 649,390 shares in the last quarter. State Street Corp lifted its stake in Novo Nordisk A/S by 0.8% in the second quarter. State Street Corp now owns 6,047,683 shares of the company’s stock worth $418,231,000 after acquiring an additional 47,430 shares during the period. Finally, WCM Investment Management LLC grew its holdings in Novo Nordisk A/S by 3.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,732,182 shares of the company’s stock worth $151,636,000 after acquiring an additional 97,477 shares in the last quarter. Hedge funds and other institutional investors own 11.54% of the company’s stock.

Analyst Ratings Changes

NVO has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Novo Nordisk A/S from an “underperform” rating to a “hold” rating in a report on Thursday, February 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Novo Nordisk A/S in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft cut Novo Nordisk A/S from a “buy” rating to a “hold” rating in a research report on Monday. Nordea Equity Research downgraded Novo Nordisk A/S to a “hold” rating in a report on Tuesday. Finally, HSBC restated a “hold” rating and set a $54.00 price objective on shares of Novo Nordisk A/S in a research note on Wednesday, December 10th. Six investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.07.

Check Out Our Latest Analysis on NVO

Novo Nordisk A/S Stock Performance

Shares of NVO stock opened at $37.62 on Friday. Novo Nordisk A/S has a 12-month low of $37.31 and a 12-month high of $91.90. The business’s fifty day simple moving average is $52.96 and its 200-day simple moving average is $52.93. The company has a current ratio of 0.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.61. The company has a market cap of $167.97 billion, a PE ratio of 10.84 and a beta of 0.67.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Novo Nordisk A/S had a return on equity of 68.91% and a net margin of 33.03%.The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.97 billion. Analysts expect that Novo Nordisk A/S will post 3.84 earnings per share for the current fiscal year.

Novo Nordisk A/S Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 30th will be given a dividend of $1.2751 per share. This represents a yield of 541.0%. The ex-dividend date of this dividend is Monday, March 30th. Novo Nordisk A/S’s payout ratio is currently 23.63%.

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Novo Nordisk A/S Company Profile

(Free Report)

Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, best known for its leadership in diabetes care and metabolic health. The company traces its roots to early Danish insulin production in the 1920s and was established in its current form through a 1989 merger of predecessor companies. Novo Nordisk develops, manufactures and markets pharmaceutical products and devices that address chronic and serious diseases, with a strong emphasis on long-term treatment and patient support.

The company’s core product portfolio centers on diabetes therapies, including a range of insulins and modern incretin-based treatments.

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Institutional Ownership by Quarter for Novo Nordisk A/S (NYSE:NVO)

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