Corteva, Inc. (NYSE:CTVA) Shares Sold by SFE Investment Counsel

SFE Investment Counsel lessened its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 25.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,670 shares of the company’s stock after selling 4,590 shares during the quarter. SFE Investment Counsel’s holdings in Corteva were worth $655,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CTVA. CVA Family Office LLC acquired a new stake in shares of Corteva in the fourth quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in shares of Corteva in the fourth quarter valued at $27,000. NewSquare Capital LLC raised its position in shares of Corteva by 70.6% during the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the period. Glass Jacobson Investment Advisors llc raised its position in shares of Corteva by 234.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the period. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of Corteva during the second quarter worth $28,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CTVA shares. Royal Bank of Canada boosted their target price on Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. BNP Paribas raised Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 target price on the stock in a research report on Friday, February 2nd. Barclays boosted their target price on Corteva from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. KeyCorp upped their price target on Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Mizuho dropped their price target on Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.29.

Corteva Stock Up 0.5 %

Shares of CTVA traded up $0.26 during trading hours on Thursday, hitting $53.79. 845,547 shares of the company were exchanged, compared to its average volume of 3,622,030. The company has a market cap of $37.59 billion, a PE ratio of 52.48, a PEG ratio of 1.40 and a beta of 0.77. The firm’s 50 day moving average is $55.19 and its 200-day moving average is $50.24. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $62.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 1.56.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. Corteva had a return on equity of 7.43% and a net margin of 4.27%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the firm posted $0.16 EPS. On average, equities research analysts forecast that Corteva, Inc. will post 2.84 EPS for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. Corteva’s dividend payout ratio is 62.75%.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.