Corteva (NYSE:CTVA) Hits New 12-Month High – Here’s Why

Corteva, Inc. (NYSE:CTVA) shares hit a new 52-week high on Monday . The stock traded as high as $83.44 and last traded at $83.1210, with a volume of 304889 shares trading hands. The stock had previously closed at $81.99.

Wall Street Analyst Weigh In

Several research firms have weighed in on CTVA. Argus upgraded Corteva to a “strong-buy” rating in a report on Friday, January 16th. Wall Street Zen downgraded Corteva from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Oppenheimer set a $86.00 target price on Corteva in a research report on Thursday, February 5th. Zacks Research lowered shares of Corteva from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Bank of America lifted their target price on shares of Corteva from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and a consensus target price of $82.90.

Corteva Price Performance

The company’s 50 day moving average price is $76.25 and its 200 day moving average price is $69.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 1.43. The company has a market cap of $56.00 billion, a price-to-earnings ratio of 52.66, a P/E/G ratio of 2.80 and a beta of 0.72.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $4.23 billion. During the same period last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities research analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is 45.57%.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 8,311 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.55, for a total value of $636,207.05. Following the completion of the transaction, the insider directly owned 8,090 shares of the company’s stock, valued at approximately $619,289.50. The trade was a 50.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of Corteva

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Corteva by 307.2% during the 4th quarter. Brighton Jones LLC now owns 15,588 shares of the company’s stock worth $888,000 after buying an additional 11,760 shares in the last quarter. Woodline Partners LP raised its position in shares of Corteva by 40.3% during the first quarter. Woodline Partners LP now owns 57,919 shares of the company’s stock worth $3,645,000 after acquiring an additional 16,644 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Corteva by 9.8% during the second quarter. American Century Companies Inc. now owns 147,267 shares of the company’s stock valued at $10,976,000 after acquiring an additional 13,102 shares during the period. Global Retirement Partners LLC bought a new position in Corteva in the second quarter valued at about $346,000. Finally, Quadrant Capital Group LLC increased its position in Corteva by 5.6% in the second quarter. Quadrant Capital Group LLC now owns 14,204 shares of the company’s stock worth $1,059,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 81.54% 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.