Louisiana State Employees Retirement System acquired a new position in shares of Corteva, Inc. (NYSE:CTVA – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,300 shares of the company’s stock, valued at approximately $2,871,000.
A number of other hedge funds have also bought and sold shares of the company. Drummond Knight Asset Management Pty Ltd purchased a new position in Corteva during the 4th quarter valued at $25,713,000. Avior Wealth Management LLC boosted its holdings in Corteva by 464.7% in the fourth quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after acquiring an additional 27,075 shares in the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Corteva during the fourth quarter worth $23,679,000. Squarepoint Ops LLC grew its stake in Corteva by 423.6% during the 3rd quarter. Squarepoint Ops LLC now owns 1,738,139 shares of the company’s stock valued at $117,550,000 after purchasing an additional 1,406,199 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Corteva by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,075 shares of the company’s stock valued at $7,378,000 after buying an additional 20,957 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.
Wall Street Analysts Forecast Growth
CTVA has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on shares of Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Citigroup increased their price objective on shares of Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada upped their price objective on Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Mizuho raised their price target on Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, Rothschild & Co Redburn upped their price target on Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.81.
Corteva Price Performance
Shares of CTVA opened at $82.60 on Monday. The firm has a 50-day simple moving average of $79.38 and a 200-day simple moving average of $76.28. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The company has a market capitalization of $55.24 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.57.
Corteva (NYSE:CTVA – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. Corteva’s quarterly revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities research analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current year.
Corteva Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. Corteva’s dividend payout ratio is 42.35%.
Corteva Company Profile
Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.
Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.
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