Andra AP fonden Raises Position in Corteva, Inc. $CTVA

Andra AP fonden lifted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 369.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 222,700 shares of the company’s stock after acquiring an additional 175,300 shares during the period. Andra AP fonden’s holdings in Corteva were worth $15,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC grew its holdings in Corteva by 18.1% during the 3rd quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock worth $30,119,000 after acquiring an additional 68,380 shares in the last quarter. TriaGen Wealth Management LLC bought a new position in shares of Corteva during the third quarter worth about $4,284,000. Truist Financial Corp grew its stake in Corteva by 4.5% in the third quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock worth $21,771,000 after purchasing an additional 13,910 shares in the last quarter. New York State Teachers Retirement System increased 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 buying an additional 23,548 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Corteva during the third quarter valued at approximately $5,018,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Corteva from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Oppenheimer set a $86.00 price objective on Corteva in a research note on Thursday, February 5th. BNP Paribas Exane boosted their target price on shares of Corteva from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Citigroup increased their target price on shares of Corteva from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Corteva from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.30.

Corteva Trading Up 1.5%

Shares of CTVA stock opened at $80.01 on Friday. The stock has a 50-day simple moving average of $71.91 and a 200 day simple moving average of $68.83. The stock has a market capitalization of $53.81 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.69 and a beta of 0.75. Corteva, Inc. has a fifty-two week low of $53.40 and a fifty-two week high of $80.23. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.07.

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

Corteva Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is currently 45.57%.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 8,311 shares of Corteva 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 transaction, the insider owned 8,090 shares in the company, valued at approximately $619,289.50. The trade was a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

About Corteva

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.