Tweedy Browne Co LLC Invests $405,000 in Nutrien Ltd. $NTR

Key Points

• Tweedy Browne Co LLC has invested approximately $405,000 to acquire 6,961 shares of Nutrien Ltd. in the second quarter.
• Wall Street analysts are optimistic about Nutrien's prospects, with price targets ranging from $60.00 to $72.00 and a consensus rating of "Hold".
• Nutrien recently announced a quarterly dividend of $0.545 per share, resulting in an annualized dividend yield of 3.9%.

Tweedy Browne Co LLC purchased a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,961 shares of the company's stock, valued at approximately $405,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTR. Wealth Enhancement Advisory Services LLC lifted its holdings in Nutrien by 184.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after buying an additional 7,934 shares during the last quarter. Intech Investment Management LLC lifted its stake in Nutrien by 284.0% during the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company's stock worth $3,430,000 after purchasing an additional 51,126 shares during the last quarter. Covea Finance boosted its holdings in Nutrien by 16.5% in the second quarter. Covea Finance now owns 73,500 shares of the company's stock worth $4,265,000 after purchasing an additional 10,400 shares during the period. Belpointe Asset Management LLC acquired a new position in Nutrien in the first quarter worth $311,000. Finally, Farther Finance Advisors LLC increased its stake in Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of recent research reports. TD Securities raised their price target 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. UBS Group dropped their price target on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. National Bank Financial started coverage on Nutrien in a research note on Friday, September 5th. They issued a "sector perform" rating on the stock. Oppenheimer raised their price target on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group reduced their price objective on Nutrien from $61.00 to $60.00 and set a "hold" rating for the company in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $62.78.

Nutrien Price Performance

Shares of Nutrien stock opened at $56.41 on Friday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. 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 stock has a market cap of $27.37 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.95 and a beta of 0.82. The company's 50-day moving average price is $57.74 and its two-hundred day moving average price is $57.47.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The business's revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is currently 78.14%.

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.

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