Strs Ohio Acquires 52,401 Shares of Corteva, Inc. $CTVA

Strs Ohio lifted its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 17.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 359,889 shares of the company’s stock after acquiring an additional 52,401 shares during the period. Strs Ohio’s holdings in Corteva were worth $30,126,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Eagle Bay Advisors LLC raised its stake in Corteva by 4.3% during the first quarter. Eagle Bay Advisors LLC now owns 3,721 shares of the company’s stock worth $312,000 after acquiring an additional 153 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Corteva by 8.8% in the first quarter. Keybank National Association OH now owns 66,525 shares of the company’s stock worth $5,569,000 after acquiring an additional 5,395 shares during the last quarter. Smithbridge Asset Management Inc. DE acquired a new stake in shares of Corteva in the 1st quarter valued at approximately $1,823,000. Root Financial Partners LLC grew its holdings in shares of Corteva by 11.7% during the 1st quarter. Root Financial Partners LLC now owns 2,174 shares of the company’s stock valued at $182,000 after purchasing an additional 228 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its position in Corteva by 88.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 7,446 shares of the company’s stock worth $623,000 after purchasing an additional 3,496 shares in the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Corteva Stock Down 0.2%

Shares of NYSE:CTVA opened at $85.63 on Friday. The firm has a market cap of $57.27 billion, a P/E ratio of 50.37, a P/E/G ratio of 2.62 and a beta of 0.56. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $85.95. The business has a fifty day simple moving average of $79.80 and a 200 day simple moving average of $76.86. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, beating 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 return on equity of 9.95% and a net margin of 6.50%.The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.18 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.72 annualized dividend and a yield of 0.8%. Corteva’s dividend payout ratio is presently 42.35%.

Analysts Set New Price Targets

Several equities analysts recently commented on CTVA shares. 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 note on Thursday, March 26th. The Goldman Sachs Group boosted their target price 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. Jefferies Financial Group upped their price target on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Morgan Stanley increased their price target on Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.90.

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.