Schroder Investment Management Group Has $46.65 Million Holdings in Corning Incorporated $GLW

Schroder Investment Management Group grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 568,643 shares of the electronics maker’s stock after acquiring an additional 22,236 shares during the quarter. Schroder Investment Management Group owned 0.07% of Corning worth $46,646,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Strengthening Families & Communities LLC acquired a new stake in Corning in the third quarter valued at approximately $27,000. Total Investment Management Inc. acquired a new position in shares of Corning during the second quarter worth $28,000. Cornerstone Planning Group LLC lifted its stake in shares of Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Corning in the 2nd quarter worth about $36,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Corning

In other news, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This represents a 55.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last three months. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GLW. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group boosted their target price on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Mizuho set a $145.00 price target on shares of Corning in a research note on Monday, February 23rd. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, Oppenheimer set a $120.00 target price on Corning in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.42.

Corning Stock Performance

Shares of GLW stock opened at $136.14 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $115.25 and a two-hundred day simple moving average of $94.15. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $162.10. The firm has a market capitalization of $116.80 billion, a PE ratio of 73.99, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.