Corteva, Inc. $CTVA Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in shares of Corteva, Inc. (NYSE:CTVA) by 13.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 347,071 shares of the company’s stock after selling 53,264 shares during the quarter. Handelsbanken Fonder AB’s holdings in Corteva were worth $29,393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new stake in Corteva during the 4th quarter worth $23,679,000. Leonteq Securities AG acquired a new position in Corteva in the fourth quarter valued at $2,350,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Corteva by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,075 shares of the company’s stock valued at $7,378,000 after buying an additional 20,957 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Corteva by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,312,515 shares of the company’s stock valued at $155,009,000 after buying an additional 24,985 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its stake in shares of Corteva by 178.9% during the fourth quarter. Twin Capital Management Inc. now owns 25,394 shares of the company’s stock worth $1,702,000 after buying an additional 16,288 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CTVA shares. BMO Capital Markets raised their price target on Corteva from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $101.00 price objective on shares of Corteva in a research report on Monday, August 3rd. Morgan Stanley lifted their target price on Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Oppenheimer boosted their target price on Corteva from $89.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, BNP Paribas Exane upped their price target on Corteva from $74.00 to $77.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Corteva currently has an average rating of “Moderate Buy” and an average target price of $91.70.

Corteva Trading Down 0.2%

Shares of CTVA opened at $76.34 on Wednesday. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $90.97. 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 firm has a market capitalization of $50.93 billion, a P/E ratio of 50.55, a PEG ratio of 2.35 and a beta of 0.57. The firm’s 50-day moving average is $81.88 and its two-hundred day moving average is $79.98.

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

Corteva Announces Dividend

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

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.