Pinkerton Wealth LLC Makes New $3.78 Million Investment in Corning Incorporated $GLW

Posted by George Bondi on May 21st, 2026

Pinkerton Wealth LLC bought a new position in shares of Corning Incorporated (NYSE:GLW – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 43,213 shares of the electronics maker’s stock, valued at approximately $3,784,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning during the third quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Corning during the fourth quarter worth $26,000. Strengthening Families & Communities LLC acquired a new stake in shares of Corning during the third quarter worth $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Corning during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 2.7%

GLW stock opened at $180.60 on Thursday. The company has a market cap of $155.43 billion, a PE ratio of 86.41, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. The business has a 50-day simple moving average of $159.19 and a 200 day simple moving average of $121.78. Corning Incorporated has a 52 week low of $47.67 and a 52 week high of $211.79. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s payout ratio is 53.59%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLW. Bank of America raised their target price on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer boosted their price target on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $177.92.

Get Our Latest Research Report on Corning

Insider Buying and Selling

In related news, SVP Michaune D. Tillman sold 3,260 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 170,774 shares of company stock worth $28,148,435 in the last ninety days. 0.25% of the stock is owned by company insiders.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Analysts and market commentary say Corning is benefiting from a surge in AI data center and high-speed network demand, with Optical Communications sales jumping 36% to $1.85 billion. Can Rising Demand for Fiber Optics Solutions Drive Corning’s Growth?
Positive Sentiment: Reports say Corning is expanding its role in AI infrastructure through multi-year optical connectivity agreements, a broad partnership with Nvidia, and plans to increase U.S. optical connectivity manufacturing capacity tenfold. Corning Leans Into AI Infrastructure Growth As Valuation And Risks Stand Out
Positive Sentiment: Coverage around Corning’s Q1 report says the results made clear how important glass and fiber are becoming to AI infrastructure, reinforcing the company’s growth narrative. Who Knew Glass Was So Important to AI? Corning’s (GLW) Q1 Report Made It Clear
Positive Sentiment: Zacks highlighted Corning as a strong growth stock, adding to the upbeat sentiment around the shares. Here’s Why Corning (GLW) is a Strong Growth Stock
Neutral Sentiment: Corning’s presentation at the J.P. Morgan Technology, Media and Communications Conference did not include a clear new catalyst in the headline available here, so it appears more informational than market-moving. Corning Incorporated (GLW) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Negative Sentiment: Some commentary notes that Corning’s valuation and execution risks are starting to stand out, suggesting investors may be weighing how much of the AI growth story is already priced in. Corning Leans Into AI Infrastructure Growth As Valuation And Risks Stand Out

About Corning

(Free Report)

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.