Dimensional Fund Advisors LP Acquires 78,994 Shares of Corteva, Inc. $CTVA

Dimensional Fund Advisors LP raised its stake in shares of Corteva, Inc. (NYSE:CTVA) by 1.7% during the first quarter, Holdings Channel reports. The firm owned 4,771,253 shares of the company’s stock after buying an additional 78,994 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Corteva were worth $399,385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Corteva by 5.1% in the first quarter. Parallel Advisors LLC now owns 38,159 shares of the company’s stock worth $3,194,000 after purchasing an additional 1,845 shares during the period. Ironwood Investment Counsel LLC increased its holdings in shares of Corteva by 5.4% in the 1st quarter. Ironwood Investment Counsel LLC now owns 83,789 shares of the company’s stock worth $7,014,000 after purchasing an additional 4,263 shares in the last quarter. Decker Wealth Management LLC purchased a new position in Corteva in the 1st quarter worth about $304,000. KBC Group NV raised its holdings in shares of Corteva by 58.8% during the first quarter. KBC Group NV now owns 2,082,909 shares of the company’s stock valued at $174,360,000 after purchasing an additional 771,480 shares during the last quarter. Finally, SEB Asset Management AB purchased a new stake in Corteva during the 1st quarter valued at $15,450,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. UBS Group lowered their price objective on Corteva from $90.00 to $86.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Rothschild & Co Redburn upped their target price on shares of Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft increased their price target on Corteva from $90.00 to $100.00 in a research note on Monday, May 11th. Finally, Barclays lifted their price objective on shares of Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Corteva presently has an average rating of “Moderate Buy” and an average target price of $89.90.

Corteva Trading Up 0.1%

NYSE CTVA opened at $86.89 on Wednesday. The stock has a market cap of $58.11 billion, a PE ratio of 51.11, a PEG ratio of 2.65 and a beta of 0.56. The company’s 50-day moving average price is $81.03 and its 200-day moving average price is $78.54. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $88.21. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.32. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.18 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Corteva’s payout ratio is currently 42.35%.

Corteva 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.