Public Sector Pension Investment Board Purchases 6,891 Shares of Corteva, Inc. $CTVA

Public Sector Pension Investment Board boosted its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,528 shares of the company’s stock after acquiring an additional 6,891 shares during the period. Public Sector Pension Investment Board’s holdings in Corteva were worth $3,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Corteva by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 80,188,326 shares of the company’s stock worth $5,976,436,000 after purchasing an additional 373,680 shares during the period. Geode Capital Management LLC lifted its holdings in Corteva by 1.4% during the second quarter. Geode Capital Management LLC now owns 18,047,263 shares of the company’s stock worth $1,339,651,000 after buying an additional 251,693 shares during the period. Franklin Resources Inc. lifted its holdings in Corteva by 4.9% during the second quarter. Franklin Resources Inc. now owns 17,680,238 shares of the company’s stock worth $1,317,708,000 after buying an additional 824,451 shares during the period. Norges Bank bought a new stake in Corteva during the 2nd quarter valued at $434,220,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Corteva by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,256,845 shares of the company’s stock valued at $391,793,000 after acquiring an additional 138,484 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Trading Down 1.1%

NYSE:CTVA opened at $76.20 on Friday. The company has a market capitalization of $51.25 billion, a P/E ratio of 48.23, a PEG ratio of 2.62 and a beta of 0.75. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41. The firm has a fifty day simple moving average of $70.71 and a 200-day simple moving average of $68.60.

Corteva (NYSE:CTVA) last released its earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.23 billion. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities research analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Corteva’s dividend payout ratio (DPR) is currently 45.57%.

Analysts Set New Price Targets

CTVA has been the subject of a number of analyst reports. CICC Research upped their price objective on Corteva from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Wolfe Research increased their price target on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Corteva in a research report on Monday, December 29th. Mizuho lifted their price target on shares of Corteva from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Zacks Research upgraded Corteva from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.30.

Corteva Company 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.