Cerity Partners LLC Buys 11,034 Shares of Corteva, Inc. (NYSE:CTVA)

Cerity Partners LLC raised its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 27.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,759 shares of the company’s stock after purchasing an additional 11,034 shares during the period. Cerity Partners LLC’s holdings in Corteva were worth $2,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingsview Wealth Management LLC grew its holdings in shares of Corteva by 2.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 7,660 shares of the company’s stock worth $438,000 after acquiring an additional 153 shares during the period. Centaurus Financial Inc. grew its holdings in shares of Corteva by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 3,867 shares of the company’s stock worth $233,000 after acquiring an additional 182 shares during the period. Laidlaw Wealth Management LLC grew its holdings in shares of Corteva by 5.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 3,968 shares of the company’s stock worth $233,000 after acquiring an additional 194 shares during the period. Arcataur Capital Management LLC grew its holdings in shares of Corteva by 2.4% during the 3rd quarter. Arcataur Capital Management LLC now owns 8,598 shares of the company’s stock worth $440,000 after acquiring an additional 200 shares during the period. Finally, Union Savings Bank grew its holdings in shares of Corteva by 58.5% during the 3rd quarter. Union Savings Bank now owns 577 shares of the company’s stock worth $30,000 after acquiring an additional 213 shares during the period. Institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTVA. Loop Capital upgraded Corteva from a “hold” rating to a “buy” rating and upped their target price for the stock from $57.00 to $65.00 in a report on Monday, February 12th. KeyCorp upped their price target on Corteva from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. UBS Group cut their price target on Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. BNP Paribas upgraded Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a research note on Friday, February 2nd. Finally, Oppenheimer upped their price target on Corteva from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Price Performance

NYSE CTVA opened at $53.96 on Friday. The business’s fifty day moving average price is $55.20 and its 200-day moving average price is $50.26. The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of 52.90, a PEG ratio of 1.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90. Corteva, Inc. has a 1-year low of $43.22 and a 1-year high of $62.97.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.09. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities analysts predict that Corteva, Inc. will post 2.84 earnings per share for the current year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. Corteva’s dividend payout ratio is currently 62.75%.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.