Franklin Resources Inc. Has $1.31 Billion Stock Holdings in Corteva, Inc. $CTVA

Franklin Resources Inc. increased its position in shares of Corteva, Inc. (NYSE:CTVA) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,537,500 shares of the company’s stock after acquiring an additional 805,873 shares during the period. Franklin Resources Inc.’s holdings in Corteva were worth $1,309,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in Corteva in the 3rd quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new position in Corteva in the 3rd quarter valued at approximately $29,000. Jackson Grant Investment Advisers Inc. lifted its stake in Corteva by 90.6% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 213 shares during the last quarter. Basepoint Wealth LLC bought a new position in Corteva in the 4th quarter valued at approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Corteva in the 3rd quarter valued at approximately $33,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CTVA. CICC Research increased their price objective on shares of Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Wells Fargo & Company increased their price objective on shares of Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Rothschild & Co Redburn increased their price objective on shares of Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group increased their price objective on shares of Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Argus increased their price objective on shares of Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.67.

Corteva Price Performance

CTVA stock opened at $77.06 on Monday. The company has a fifty day moving average price of $81.17 and a 200-day moving average price of $75.01. The company has a market capitalization of $51.54 billion, a P/E ratio of 45.33, a PEG ratio of 2.36 and a beta of 0.57. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $85.63. 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 (NYSE:CTVA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.32. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, equities analysts expect that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

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

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.