New York State Teachers Retirement System Reduces Stock Holdings in Corteva, Inc. $CTVA

New York State Teachers Retirement System lessened its position in shares of Corteva, Inc. (NYSE:CTVA) by 4.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 531,901 shares of the company’s stock after selling 22,543 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Corteva worth $44,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CTVA. Vanguard Group Inc. grew its stake in Corteva by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 80,536,951 shares of the company’s stock valued at $5,398,392,000 after acquiring an additional 317,538 shares during the last quarter. State Street Corp raised its position in Corteva by 3.7% during the fourth quarter. State Street Corp now owns 36,570,876 shares of the company’s stock worth $2,451,346,000 after acquiring an additional 1,290,071 shares during the last quarter. Franklin Resources Inc. raised its position in Corteva by 4.3% during the fourth quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company’s stock worth $1,309,599,000 after acquiring an additional 805,873 shares during the last quarter. Harris Associates L P lifted its holdings in shares of Corteva by 168.1% in the fourth quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock valued at $1,141,268,000 after purchasing an additional 10,675,052 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Corteva by 5.0% in the fourth quarter. Northern Trust Corp now owns 11,731,834 shares of the company’s stock valued at $786,385,000 after purchasing an additional 562,550 shares in the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTVA shares. The Goldman Sachs Group raised their price objective on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Argus upped their target price on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Mizuho increased their target price on Corteva from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group dropped their price target on Corteva from $90.00 to $86.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Finally, Barclays boosted their price target on Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.90.

Corteva Stock Performance

NYSE:CTVA opened at $85.63 on Friday. The firm has a 50 day simple moving average of $79.80 and a 200-day simple moving average of $76.86. 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 firm has a market cap of $57.27 billion, a PE ratio of 50.37, a P/E/G ratio of 2.62 and a beta of 0.56. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.95.

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

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Corteva’s dividend payout ratio is currently 42.35%.

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.