Sumitomo Mitsui Trust Group Inc. Purchases 35,287 Shares of Nutrien Ltd. $NTR

Sumitomo Mitsui Trust Group Inc. lifted its position in Nutrien Ltd. (NYSE:NTR) by 33.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,021 shares of the company’s stock after purchasing an additional 35,287 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Nutrien were worth $8,213,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NTR. JPMorgan Chase & Co. increased its holdings in shares of Nutrien by 48.7% in the first quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock worth $347,319,000 after purchasing an additional 2,291,518 shares during the period. Vanguard Group Inc. increased its holdings in shares of Nutrien by 7.1% in the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after purchasing an additional 1,412,503 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Nutrien by 17.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock worth $436,137,000 after purchasing an additional 1,284,181 shares during the period. Nuveen LLC bought a new position in shares of Nutrien in the first quarter worth $63,542,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Nutrien by 16.5% in the first quarter. The Manufacturers Life Insurance Company now owns 6,554,638 shares of the company’s stock worth $326,927,000 after purchasing an additional 927,041 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Nutrien stock opened at $56.39 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $57.85 and a 200-day moving average of $58.12. The firm has a market cap of $27.31 billion, a P/E ratio of 20.21, a P/E/G ratio of 0.93 and a beta of 0.82. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 earnings per share. Sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 29th were issued a $0.545 dividend. The ex-dividend date was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.9%. Nutrien’s dividend payout ratio (DPR) is 78.14%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTR. UBS Group cut their target price on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. Scotiabank cut their target price on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. National Bank Financial began coverage on shares of Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, TD Securities upped their target price on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.78.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.