Goelzer Investment Management Inc. Sells 26,991 Shares of Corning Incorporated $GLW

Goelzer Investment Management Inc. lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 42.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,917 shares of the electronics maker’s stock after selling 26,991 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Corning were worth $3,145,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new stake in Corning during the 1st quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Corning in the 2nd quarter worth about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning in the second quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Trading Up 1.2%

NYSE GLW opened at $136.94 on Friday. The firm has a market capitalization of $117.64 billion, a PE ratio of 74.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business’s 50-day moving average price is $126.73 and its two-hundred day moving average price is $99.82. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $162.10.

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

Corning Dividend Announcement

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

Insider Transactions at Corning

In other news, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This represents a 81.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Susquehanna lifted their target price on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

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.