Tufton Capital Management Has $16.10 Million Stock Holdings in Corning Incorporated $GLW

Tufton Capital Management cut its holdings in Corning Incorporated (NYSE:GLW) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 183,819 shares of the electronics maker’s stock after selling 4,224 shares during the quarter. Corning accounts for about 2.8% of Tufton Capital Management’s portfolio, making the stock its 6th biggest position. Tufton Capital Management’s holdings in Corning were worth $16,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in GLW. Vanguard Group Inc. lifted its position in Corning by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock worth $8,096,577,000 after buying an additional 750,530 shares in the last quarter. State Street Corp grew its holdings in shares of Corning by 1.2% in the 3rd quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock valued at $3,035,836,000 after acquiring an additional 439,883 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Corning by 30.3% in the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after acquiring an additional 3,848,540 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Corning by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after acquiring an additional 1,036,988 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of Corning in the third quarter valued at about $907,164,000. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GLW shares. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Oppenheimer set a $120.00 price objective on Corning in a research note on Thursday, January 29th. Morgan Stanley raised their target price on shares of Corning from $127.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Truist Financial started coverage on shares of Corning in a report on Tuesday, March 31st. They set a “hold” rating and a $125.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.08.

Corning Trading Up 1.9%

Shares of NYSE:GLW opened at $168.56 on Thursday. Corning Incorporated has a 52-week low of $42.00 and a 52-week high of $176.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The company has a market capitalization of $144.80 billion, a P/E ratio of 91.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a 50-day simple moving average of $144.83 and a 200 day simple moving average of $109.74.

Corning (NYSE:GLW) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts forecast that Corning Incorporated will post 3.15 earnings per share for the current year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s payout ratio is presently 60.87%.

Insiders Place Their Bets

In other Corning news, COO Avery H. Nelson III sold 1,583 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the transaction, the chief operating officer directly owned 59,788 shares in the company, valued at $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares in the company, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last quarter. Company insiders own 0.25% of the company’s stock.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target on GLW to $186, signaling stronger analyst conviction and supporting near‑term upside. Read More.
• Positive Sentiment: Zacks and Yahoo highlight GLW as a winner from increased fiber densification, cloud buildouts and accelerated 5G rollouts — demand drivers that boost Corning’s communications components franchise. Read More.
• Positive Sentiment: Analysts (Zacks) rank GLW among technology names likely to beat Q1 earnings, reinforcing expectations for an upcoming beat and supporting momentum. Read More.
• Positive Sentiment: Additional Zacks coverage notes Wall Street expects earnings growth for the next report and positions GLW as a long‑term growth stock, which can attract growth‑oriented flows. Read More.
• Positive Sentiment: Market commentary points to sustained institutional buying and long‑term inflows into GLW, supporting price strength amid the broader AI/optics trade. Read More.
• Positive Sentiment: Corning showcased advanced optics for semiconductor manufacturing at an industry symposium, which helps reframe its role in semiconductor supply chains and could expand addressable markets over time. Read More.
• Neutral Sentiment: Technical/market commentary notes a short pause after a strong rally — a measured pullback near prior support — suggesting consolidation rather than a reversal; watch volume and next support levels. Read More.

Corning 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.