Swedbank AB Purchases 1,117,021 Shares of Corteva, Inc. $CTVA

Swedbank AB raised its position in Corteva, Inc. (NYSE:CTVA) by 142.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,898,735 shares of the company’s stock after purchasing an additional 1,117,021 shares during the quarter. Swedbank AB owned 0.28% of Corteva worth $127,272,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Activest Wealth Management grew its stake in Corteva by 118.3% in the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. JPL Wealth Management LLC acquired a new stake in Corteva in the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of Corteva during the third quarter valued at approximately $29,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of Corteva by 90.6% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 213 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Corteva during the third quarter valued at approximately $33,000. 81.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CTVA has been the topic of several analyst reports. Mizuho lifted their target price on Corteva from $82.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. UBS Group lifted their target price on Corteva from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Citigroup lifted their target price on Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Rothschild & Co Redburn lifted their target price on Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.14.

Corteva Trading Up 0.7%

NYSE CTVA opened at $79.57 on Friday. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.63. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $81.33 and a 200-day moving average of $73.96. The firm has a market cap of $53.22 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 2.43 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 for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates 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 previous year, the company posted $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, sell-side analysts forecast that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

The firm also recently declared 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 of this dividend 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 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.