Corteva, Inc. $CTVA Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in Corteva, Inc. (NYSE:CTVA) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 503,458 shares of the company’s stock after acquiring an additional 150,647 shares during the quarter. King Luther Capital Management Corp owned 0.08% of Corteva worth $39,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CTVA. EFG International AG bought a new stake in shares of Corteva during the second quarter valued at about $25,000. Compass Financial Management LLC bought a new position in Corteva in the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC increased its stake in Corteva by 334.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 339 shares of the company’s stock valued at $29,000 after buying an additional 261 shares during the period. Clearstead Trust LLC acquired a new position in Corteva during the 2nd quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Corteva during the 2nd quarter worth about $33,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

CTVA has been the topic of several recent analyst reports. New Street Research set a $17.00 target price on Corteva in a report on Monday, October 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Corteva in a research note on Thursday, October 8th. Weiss Ratings cut Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Bank of America boosted their price objective on Corteva from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Zacks Research lowered Corteva from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and an average price target of $60.59.

Corteva Stock Up 0.2%

NYSE CTVA opened at $12.20 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. The company’s 50 day simple moving average is $40.43 and its 200 day simple moving average is $70.20. Corteva, Inc. has a 12 month low of $11.24 and a 12 month high of $90.97. The company has a market capitalization of $8.14 billion, a P/E ratio of 8.08, a PEG ratio of 1.70 and a beta of 0.58.

Corteva (NYSE:CTVA) last issued its earnings results on Wednesday, November 11th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) earnings per share. Corteva has set its FY 2026 guidance at 0.760-0.800 EPS. Equities research analysts expect that Corteva, Inc. will post 1.05 earnings per share for the current fiscal year.

Corteva Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.6%. This is a drop from Corteva’s previous quarterly dividend of $0.18. Corteva’s dividend payout ratio is 47.68%.

Corteva Company Profile

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.