Corteva, Inc. $CTVA Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in Corteva, Inc. (NYSE:CTVA) by 287.8% in the 4th quarter, Holdings Channel reports. The firm owned 440,478 shares of the company’s stock after purchasing an additional 326,902 shares during the quarter. Intech Investment Management LLC’s holdings in Corteva were worth $29,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTVA. Activest Wealth Management raised its position in Corteva by 118.3% during the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Corteva during the third quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new position in Corteva during the third quarter worth about $29,000. Jackson Grant Investment Advisers Inc. raised its position in Corteva by 90.6% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 213 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Corteva during the third quarter worth about $33,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Corteva from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. The Goldman Sachs Group lifted their target price on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings upgraded shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Jefferies Financial Group lifted their target price on shares of Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. Finally, Mizuho lifted their target price on shares of Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.67.

Corteva Stock Performance

Shares of NYSE CTVA opened at $80.53 on Friday. The company has a market cap of $53.86 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $85.63. 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 company has a 50-day simple moving average of $81.35 and a 200-day simple moving average of $74.50.

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

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. Corteva’s payout ratio is 42.35%.

Corteva 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.