Baird Financial Group Inc. Acquires 10,504 Shares of Corteva, Inc. $CTVA

Baird Financial Group Inc. raised its holdings in Corteva, Inc. (NYSE:CTVA) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 233,198 shares of the company’s stock after purchasing an additional 10,504 shares during the quarter. Baird Financial Group Inc.’s holdings in Corteva were worth $19,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its holdings in shares of Corteva by 7,664.4% during the 2nd quarter. California State Teachers Retirement System now owns 139,830,304 shares of the company’s stock worth $11,842,228,000 after purchasing an additional 138,029,377 shares in the last quarter. BlackRock Inc. acquired a new position in Corteva in the 2nd quarter worth about $4,560,180,000. Harris Associates L P increased its position in Corteva by 168.1% in the 4th quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock valued at $1,141,268,000 after acquiring an additional 10,675,052 shares during the period. Norges Bank bought a new position in shares of Corteva during the fourth quarter worth about $504,001,000. Finally, Wellington Management Group LLP increased its position in shares of Corteva by 941.7% during the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock worth $644,720,000 after buying an additional 6,881,875 shares during the period. 81.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTVA has been the subject of several recent research reports. Oppenheimer boosted their target price on shares of Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated an “overweight” rating on shares of Corteva in a research note on Friday, August 28th. JPMorgan Chase & Co. lifted their price target on Corteva from $77.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, UBS Group cut their price objective on Corteva from $89.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, August 18th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Trending Headlines about Corteva

Here are the key news stories impacting Corteva this week:

• Positive Sentiment: Long-term earnings outlook is constructive: KeyCorp estimates Corteva will earn $4.00 per share in fiscal 2027 and $4.20 in fiscal 2028, above the current-year consensus estimate of $3.72. The forecasts suggest expected earnings growth following 2026, although the firm projects a seasonal loss of $0.33 per share in the third quarter and $0.31 of EPS in the fourth quarter.
• Positive Sentiment: New crop-protection venture: Corteva and Globachem plan to launch a joint venture focused on developing new crop-protection solutions. The partnership could expand Corteva’s product pipeline and support longer-term growth in agricultural inputs. Corteva, Globachem to Launch Joint Venture Focused on New Crop Protection Solutions
• Neutral Sentiment: KeyCorp begins coverage at “sector weight”: The rating is effectively neutral, indicating that KeyCorp does not expect Corteva to materially outperform or underperform its broader sector. The new coverage adds analyst visibility but does not provide a strong near-term catalyst.
• Negative Sentiment: PFAS settlement adds legal costs: Corteva, DuPont and Chemours agreed to pay $455 million to North Carolina and 11 local entities to resolve claims tied to PFAS contamination associated with the Fayetteville Works plant and other historical discharges. One law-firm release described the settlement as $380 million, suggesting differing descriptions of the agreement’s total components. The payment may pressure cash flow and keeps environmental liabilities in focus, although it removes uncertainty related to these specific claims. Chemours, DuPont, Corteva settle North Carolina forever chemicals claims

Corteva Stock Down 1.1%

Shares of NYSE CTVA opened at $83.54 on Friday. The stock has a market capitalization of $55.74 billion, a P/E ratio of 55.32, a PEG ratio of 2.59 and a beta of 0.57. Corteva, Inc. has a one year low of $60.53 and a one year high of $90.97. The firm’s 50 day simple moving average is $83.49 and its two-hundred day simple moving average is $81.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the business posted $2.20 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, analysts expect that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s payout ratio is currently 47.68%.

About Corteva

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.