Dearborn Partners LLC Sells 15,920 Shares of Corteva, Inc. $CTVA

Dearborn Partners LLC lowered its position in shares of Corteva, Inc. (NYSE:CTVA) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 454,522 shares of the company’s stock after selling 15,920 shares during the period. Corteva comprises about 1.5% of Dearborn Partners LLC’s portfolio, making the stock its 20th biggest position. Dearborn Partners LLC owned about 0.07% of Corteva worth $30,467,000 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 company. Havemeyer Place LP bought a new stake in Corteva during the 4th quarter worth $207,000. MCF Advisors LLC lifted its holdings in Corteva by 86.4% during the 4th quarter. MCF Advisors LLC now owns 2,837 shares of the company’s stock worth $190,000 after buying an additional 1,315 shares during the period. First Command Advisory Services Inc. lifted its holdings in Corteva by 113.3% during the 4th quarter. First Command Advisory Services Inc. now owns 1,039 shares of the company’s stock worth $70,000 after buying an additional 552 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Corteva by 6.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,476 shares of the company’s stock worth $2,445,000 after buying an additional 2,073 shares during the period. Finally, Pinebridge Investments LLC acquired a new position in Corteva during the 4th quarter worth about $22,542,000. Institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CTVA shares. Berenberg Bank lifted their target price on Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Corteva from $90.00 to $100.00 in a report on Monday, May 11th. The Goldman Sachs Group lifted their target price on Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded Corteva from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.67.

Corteva Stock Down 0.5%

Shares of NYSE:CTVA opened at $77.06 on Friday. The company has a market capitalization of $51.54 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 0.57. 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 business’s 50-day moving average is $81.17 and its 200-day moving average is $74.94. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $85.63.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Corteva’s payout ratio is currently 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.