Fruth Investment Management Sells 400 Shares of Nutrien Ltd. (NYSE:NTR)

Fruth Investment Management decreased its stake in Nutrien Ltd. (NYSE:NTR) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,820 shares of the company’s stock after selling 400 shares during the period. Fruth Investment Management’s holdings in Nutrien were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lester Murray Antman dba SimplyRich lifted its stake in shares of Nutrien by 2.3% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after acquiring an additional 202 shares during the last quarter. Moody National Bank Trust Division raised its position in Nutrien by 1.7% in the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock valued at $683,000 after purchasing an additional 208 shares during the last quarter. FFT Wealth Management LLC raised its position in Nutrien by 0.8% in the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after purchasing an additional 220 shares during the last quarter. Covestor Ltd boosted its stake in shares of Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares in the last quarter. Finally, MONECO Advisors LLC grew its holdings in shares of Nutrien by 2.4% during the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock worth $498,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 1.0 %

Shares of Nutrien stock opened at $48.54 on Tuesday. The stock has a market capitalization of $24.01 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $62.53. The stock has a 50 day moving average price of $47.53 and a two-hundred day moving average price of $51.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter last year, the firm posted $2.53 EPS. Nutrien’s revenue was down 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.83 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.45%. Nutrien’s payout ratio is 126.32%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NTR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. BMO Capital Markets cut their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. TD Securities reduced their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Nutrien currently has an average rating of “Hold” and an average target price of $60.67.

Nutrien 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.