Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Nutrien Ltd. (NYSE:NTR)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,734 shares of the company's stock after buying an additional 5,666 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Nutrien were worth $5,252,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in shares of Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Nutrien by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 456,868 shares of the company's stock worth $20,445,000 after buying an additional 29,468 shares during the last quarter. SVB Wealth LLC bought a new stake in Nutrien in the fourth quarter worth $318,000. US Bancorp DE increased its position in Nutrien by 29.6% during the fourth quarter. US Bancorp DE now owns 30,549 shares of the company's stock valued at $1,367,000 after acquiring an additional 6,975 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Nutrien by 11.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,736 shares of the company's stock valued at $212,000 after acquiring an additional 477 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

NTR has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their target price on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Bank of America raised their price target on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group boosted their price objective on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Finally, Morgan Stanley increased their target price on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.12.

Nutrien Stock Up 0.7%

Nutrien stock traded up $0.44 during midday trading on Friday, hitting $60.43. 1,143,524 shares of the company's stock were exchanged, compared to its average volume of 2,200,387. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The company has a market cap of $29.43 billion, a PE ratio of 56.47, a P/E/G ratio of 1.14 and a beta of 0.80. The firm has a 50-day moving average of $58.82 and a two-hundred day moving average of $53.16. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. Nutrien's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. As a group, analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

About Nutrien

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.