Rockefeller Capital Management L.P. Decreases Holdings in Corning Incorporated $GLW

Rockefeller Capital Management L.P. decreased its holdings in Corning Incorporated (NYSE:GLW) by 3.3% in the fourth quarter, Holdings Channel reports. The fund owned 417,834 shares of the electronics maker’s stock after selling 14,109 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Corning were worth $36,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the third quarter worth approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of Corning in the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC purchased a new position in shares of Corning in the 4th quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Corning in the 4th quarter worth approximately $27,000. Finally, Litman Gregory Wealth Management LLC bought a new position in shares of Corning during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

GLW stock opened at $195.28 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $180.63 and its two-hundred day simple moving average is $137.63. Corning Incorporated has a twelve month low of $49.97 and a twelve month high of $211.79. The firm has a market cap of $168.06 billion, a price-to-earnings ratio of 93.44, a PEG ratio of 2.79 and a beta of 1.15.

Corning (NYSE:GLW) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $4.34 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%.The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts predict that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

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

Analyst Upgrades and Downgrades

GLW has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Citigroup boosted their price objective on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Truist Financial raised their target price on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Mizuho lifted their price target on shares of Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average target price of $178.31.

Insider Buying and Selling

In other news, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. The trade was a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 160,655 shares of company stock worth $30,692,560 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Corning Company Profile

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.