261,700 Shares in Corteva, Inc. $CTVA Acquired by Stanley Capital Management LLC

Stanley Capital Management LLC bought a new stake in Corteva, Inc. (NYSE:CTVA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 261,700 shares of the company’s stock, valued at approximately $22,163,000. Corteva accounts for about 2.9% of Stanley Capital Management LLC’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in CTVA. William B. Walkup & Associates Inc. grew its stake in shares of Corteva by 2.9% in the first quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock worth $373,000 after purchasing an additional 126 shares in the last quarter. Wilkerson Advisory Group LLC raised its stake in shares of Corteva by 6.7% during the first quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock valued at $177,000 after purchasing an additional 133 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Corteva by 2.4% during the first quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock valued at $477,000 after purchasing an additional 135 shares in the last quarter. First Horizon Corp lifted its holdings in Corteva by 9.2% in the first quarter. First Horizon Corp now owns 1,600 shares of the company’s stock worth $134,000 after purchasing an additional 135 shares during the period. Finally, Aviance Capital Partners LLC lifted its holdings in Corteva by 1.3% in the first quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock worth $922,000 after purchasing an additional 137 shares during the period. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CTVA shares. Jefferies Financial Group raised their target price on shares of Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Rothschild & Co Redburn upped their price target on shares of Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Bank of America increased their price objective on shares of Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 20th. Oppenheimer boosted their target price on Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Corteva Price Performance

Shares of Corteva stock opened at $83.18 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $82.39 and its two-hundred day moving average price is $80.37. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $90.97. The stock has a market cap of $55.50 billion, a PE ratio of 55.09, a price-to-earnings-growth ratio of 2.54 and a beta of 0.57.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $2.20 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, sell-side analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is currently 47.68%.

About Corteva

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.