Fifth Third Bancorp Increases Holdings in Corteva, Inc. $CTVA

Fifth Third Bancorp increased its position in shares of Corteva, Inc. (NYSE:CTVA) by 137.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,647 shares of the company’s stock after purchasing an additional 245,255 shares during the quarter. Fifth Third Bancorp’s holdings in Corteva were worth $35,463,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Glass Wealth Management Co LLC increased its holdings in Corteva by 0.8% in the 1st quarter. Glass Wealth Management Co LLC now owns 27,347 shares of the company’s stock worth $2,289,000 after buying an additional 215 shares during the period. Candriam S.C.A. lifted its stake in Corteva by 6.6% during the 1st quarter. Candriam S.C.A. now owns 11,275 shares of the company’s stock valued at $944,000 after acquiring an additional 700 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Corteva by 2.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 34,861 shares of the company’s stock valued at $2,918,000 after acquiring an additional 718 shares during the period. Equitable Trust Co. boosted its holdings in shares of Corteva by 2.5% in the 1st quarter. Equitable Trust Co. now owns 5,993 shares of the company’s stock valued at $502,000 after acquiring an additional 147 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its stake in shares of Corteva by 5,600.0% in the first quarter. Whipplewood Advisors LLC now owns 1,197 shares of the company’s stock worth $100,000 after acquiring an additional 1,176 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

CTVA has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Argus lifted their price objective on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. UBS Group decreased their price objective on Corteva from $90.00 to $86.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Citigroup raised their target price on Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Corteva from $90.00 to $100.00 in a research report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.90.

Corteva Price Performance

Shares of Corteva stock opened at $85.83 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $87.69. The business has a 50-day moving average price of $80.42 and a 200 day moving average price of $77.61. The firm has a market cap of $57.40 billion, a PE ratio of 50.49, a P/E/G ratio of 2.62 and a beta of 0.56.

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

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Corteva’s dividend payout ratio is presently 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.