Louisiana State Employees Retirement System Acquires Shares of 34,300 Corteva, Inc. $CTVA

Louisiana State Employees Retirement System bought a new stake in shares of Corteva, Inc. (NYSE:CTVA) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,300 shares of the company’s stock, valued at approximately $2,871,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Drummond Knight Asset Management Pty Ltd purchased a new stake in shares of Corteva during the fourth quarter valued at approximately $25,713,000. Avior Wealth Management LLC raised its holdings in Corteva by 464.7% in the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after acquiring an additional 27,075 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new position in Corteva in the 4th quarter valued at approximately $23,679,000. Squarepoint Ops LLC boosted its stake in Corteva by 423.6% during the 3rd quarter. Squarepoint Ops LLC now owns 1,738,139 shares of the company’s stock valued at $117,550,000 after purchasing an additional 1,406,199 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Corteva by 23.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,075 shares of the company’s stock valued at $7,378,000 after purchasing an additional 20,957 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Corteva from $95.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Barclays lifted their price target on shares of Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. The Goldman Sachs Group boosted their price objective on shares of Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Berenberg Bank increased their price objective on shares of Corteva from $68.00 to $78.00 and gave the company a “hold” rating in a research report on Thursday, March 26th. Finally, Morgan Stanley raised their target price on shares of Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.81.

Corteva Trading Down 0.0%

Corteva stock opened at $82.60 on Monday. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $85.63. The firm has a market capitalization of $55.24 billion, a price-to-earnings ratio of 48.59, a P/E/G ratio of 2.53 and a beta of 0.57. The firm has a 50 day moving average of $79.38 and a 200 day moving average of $76.28. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.

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

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given 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 was Monday, June 1st. Corteva’s dividend 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.