Aster Capital Management DIFC Ltd Purchases New Stake in Corteva, Inc. $CTVA

Aster Capital Management DIFC Ltd acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,212 shares of the company’s stock, valued at approximately $758,000.

Several other large investors also recently added to or reduced their stakes in CTVA. Chilton Capital Management LLC raised its stake in Corteva by 18.1% during the third quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock worth $30,119,000 after purchasing an additional 68,380 shares during the period. TriaGen Wealth Management LLC acquired a new stake in shares of Corteva during the 3rd quarter worth approximately $4,284,000. Truist Financial Corp raised its position in shares of Corteva by 4.5% during the 3rd quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after buying an additional 13,910 shares during the period. New York State Teachers Retirement System lifted its holdings in Corteva by 4.5% in the third quarter. New York State Teachers Retirement System now owns 551,389 shares of the company’s stock valued at $37,290,000 after acquiring an additional 23,548 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in Corteva in the third quarter worth approximately $5,018,000. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Zacks Research cut Corteva from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Oppenheimer set a $86.00 price target on Corteva in a report on Thursday, February 5th. Mizuho boosted their price objective on shares of Corteva from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Corteva from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Corteva from $80.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.30.

Corteva Trading Up 1.4%

NYSE:CTVA opened at $78.79 on Friday. Corteva, Inc. has a 12-month low of $53.40 and a 12-month high of $78.83. The firm has a market cap of $52.99 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $71.64 and a 200 day moving average price of $68.78.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.23 billion. Corteva had a return on equity of 9.06% and a net margin of 6.29%.Corteva’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Sell-side analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, March 2nd. Corteva’s dividend payout ratio is presently 45.57%.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 8,311 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.55, for a total value of $636,207.05. Following the sale, the insider directly owned 8,090 shares of the company’s stock, valued at approximately $619,289.50. This represents a 50.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

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.