Global Retirement Partners LLC Buys Shares of 8,082 Corteva, Inc. $CTVA

Global Retirement Partners LLC purchased a new stake in shares of Corteva, Inc. (NYSE:CTVA) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 8,082 shares of the company’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTVA. Harris Associates L P grew its stake in Corteva by 168.1% during the fourth quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock valued at $1,141,268,000 after acquiring an additional 10,675,052 shares in the last quarter. Norges Bank purchased a new stake in Corteva in the 4th quarter worth approximately $504,001,000. Royal Bank of Canada lifted its stake in Corteva by 202.1% in the 1st quarter. Royal Bank of Canada now owns 7,458,624 shares of the company’s stock worth $624,362,000 after purchasing an additional 4,989,371 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Corteva in the 2nd quarter valued at $392,447,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Corteva by 6,527.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,212 shares of the company’s stock valued at $211,025,000 after purchasing an additional 3,100,709 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CTVA shares. Rothschild & Co Redburn increased their price objective on Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Oppenheimer upped their target price on Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Mizuho raised their price target on Corteva from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. BNP Paribas Exane lifted their price target on Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Corteva Stock Up 2.6%

Shares of NYSE:CTVA opened at $77.97 on Wednesday. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $90.97. The firm has a fifty day moving average of $81.84 and a 200 day moving average of $80.12. The firm has a market capitalization of $52.02 billion, a PE ratio of 51.64, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the business posted $2.20 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, research analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio is 47.68%.

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.