Saturna Capital Corp Buys 12,582 Shares of Corteva, Inc. $CTVA

Saturna Capital Corp lifted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 49.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,135 shares of the company’s stock after buying an additional 12,582 shares during the period. Saturna Capital Corp’s holdings in Corteva were worth $2,556,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Drummond Knight Asset Management Pty Ltd acquired a new stake in Corteva in the fourth quarter valued at about $25,713,000. Alberta Investment Management Corp bought a new position in Corteva in the third quarter valued at about $5,018,000. Avior Wealth Management LLC raised its stake in Corteva by 464.7% during 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. HighTower Advisors LLC lifted its holdings in shares of Corteva by 8.6% in the third quarter. HighTower Advisors LLC now owns 182,643 shares of the company’s stock worth $12,352,000 after acquiring an additional 14,436 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in shares of Corteva in the fourth quarter worth about $23,679,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTVA shares. Mizuho lifted their price target on shares of Corteva from $82.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. The Goldman Sachs Group increased their price objective on shares of Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. UBS Group lowered their price target on shares of Corteva from $90.00 to $86.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Berenberg Bank increased their price target on Corteva from $68.00 to $78.00 and gave the company a “hold” rating in a research note on Thursday, March 26th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.48.

Corteva Stock Down 0.6%

NYSE:CTVA opened at $74.59 on Thursday. Corteva, Inc. has a one year low of $60.53 and a one year high of $85.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The company has a market cap of $49.89 billion, a PE ratio of 43.88, a P/E/G ratio of 2.29 and a beta of 0.57. The firm’s 50 day simple moving average is $80.72 and its 200 day simple moving average is $75.24.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 annualized dividend and a yield of 1.0%. Corteva’s payout ratio is presently 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.