Corteva, Inc. $CTVA Stake Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of Corteva, Inc. (NYSE:CTVA) by 16.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 405,316 shares of the company’s stock after buying an additional 56,438 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Corteva were worth $27,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CTVA. JPL Wealth Management LLC acquired a new position in shares of Corteva during the 3rd quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new position in Corteva during the third quarter valued at about $29,000. Jackson Grant Investment Advisers Inc. grew its holdings in Corteva by 90.6% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 213 shares during the period. Basepoint Wealth LLC acquired a new position in Corteva during the fourth quarter worth about $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Corteva in the third quarter worth about $33,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTVA shares. CICC Research lifted their price objective on shares of Corteva from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Citigroup raised their target price on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Rothschild & Co Redburn upped their price target on Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Argus increased their price objective on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, Mizuho raised their price objective on Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.67.

Corteva Trading Down 0.7%

NYSE CTVA opened at $77.71 on Tuesday. The firm’s 50 day moving average price is $81.32 and its two-hundred day moving average price is $74.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $85.63. The stock has a market cap of $51.98 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 2.39 and a beta of 0.59.

Corteva (NYSE:CTVA) last released its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

Corteva 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.