Corteva, Inc. $CTVA Stock: King Luther Capital Management Corp Boosts Holdings

King Luther Capital Management Corp raised its position in shares of Corteva, Inc. (NYSE:CTVA) by 42.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 503,458 shares of the company’s stock after buying an additional 150,647 shares during the quarter. King Luther Capital Management Corp’s holdings in Corteva were worth $39,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EFG International AG purchased a new position in shares of Corteva in the second quarter worth approximately $25,000. Compass Financial Management LLC purchased a new stake in shares of Corteva in the 2nd quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its position in shares of Corteva by 334.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 339 shares of the company’s stock valued at $29,000 after acquiring an additional 261 shares in the last quarter. Clearstead Trust LLC purchased a new stake in shares of Corteva in the 2nd quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Corteva in the 2nd quarter worth approximately $33,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. New Street Research set a $17.00 target price on Corteva in a report on Monday, October 5th. Weiss Ratings cut Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. UBS Group dropped their price target on Corteva to $15.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Oppenheimer set a $17.00 target price on shares of Corteva in a research note on Monday, October 5th. Finally, Argus reiterated a “buy” rating and set a $91.00 price objective on shares of Corteva in a report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.59.

Corteva Stock Up 0.2%

NYSE CTVA opened at $12.20 on Thursday. Corteva, Inc. has a twelve month low of $11.24 and a twelve month high of $90.97. The stock has a market cap of $8.14 billion, a PE ratio of 8.08, a PEG ratio of 1.70 and a beta of 0.58. The firm has a 50-day simple moving average of $40.43 and a 200 day simple moving average of $70.20. 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 posted its quarterly earnings results on Wednesday, November 11th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Corteva had a return on equity of 10.18% and a net margin of 5.66%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm posted ($0.23) EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 0.760-0.800 EPS. On average, research analysts forecast that Corteva, Inc. will post 1.05 EPS for the current year.

Corteva Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 1st. This is a negative change from Corteva’s previous quarterly dividend of $0.18. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. Corteva’s dividend payout ratio is currently 47.68%.

About Corteva

Corteva, Inc. is an agricultural science company that develops and supplies products and services for farmers. Its business focuses on seeds and crop protection, including technologies intended to help improve crop performance and manage weeds, insects, and plant diseases. Its seed portfolio includes corn, soybean, and other crop varieties, sold under brands such as Pioneer and Brevant. Corteva’s crop protection offerings include herbicides, insecticides, fungicides, and biological products, alongside digital tools and services that support farm decision-making.