Franklin Resources Inc. Has $1.27 Billion Stake in Corteva, Inc. $CTVA

Franklin Resources Inc. raised its holdings in Corteva, Inc. (NYSE:CTVA) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,731,627 shares of the company’s stock after purchasing an additional 1,051,389 shares during the quarter. Franklin Resources Inc. owned approximately 2.77% of Corteva worth $1,266,820,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTVA. Empirical Finance LLC increased its stake in shares of Corteva by 0.6% in the second quarter. Empirical Finance LLC now owns 24,935 shares of the company’s stock valued at $1,858,000 after buying an additional 153 shares in the last quarter. Fox Run Management L.L.C. lifted its position in Corteva by 5.1% during the 3rd quarter. Fox Run Management L.L.C. now owns 3,361 shares of the company’s stock worth $227,000 after buying an additional 164 shares in the last quarter. IFG Advisory LLC grew its holdings in Corteva by 1.7% during the 3rd quarter. IFG Advisory LLC now owns 9,764 shares of the company’s stock worth $660,000 after acquiring an additional 166 shares during the last quarter. United Community Bank grew its holdings in Corteva by 10.5% during the 3rd quarter. United Community Bank now owns 1,849 shares of the company’s stock worth $125,000 after acquiring an additional 176 shares during the last quarter. Finally, Binnacle Investments Inc increased its position in Corteva by 54.7% in the 2nd quarter. Binnacle Investments Inc now owns 512 shares of the company’s stock valued at $38,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

CTVA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Corteva from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $77.00 in a research note on Thursday, February 5th. Oppenheimer set a $86.00 price target on shares of Corteva in a report on Thursday, February 5th. Rothschild & Co Redburn dropped their price objective on shares of Corteva from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Argus raised Corteva to a “strong-buy” rating in a report on Friday, January 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Corteva in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and a consensus price target of $82.90.

Corteva Stock Down 2.6%

Shares of NYSE CTVA opened at $76.30 on Wednesday. The firm has a market capitalization of $51.31 billion, a PE ratio of 48.29, a price-to-earnings-growth ratio of 2.68 and a beta of 0.72. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 1 year low of $53.40 and a 1 year high of $80.90. The firm’s 50-day moving average is $73.40 and its 200-day moving average is $69.06.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. Corteva’s revenue for the quarter was down 1.7% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities analysts expect that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s payout ratio is presently 45.57%.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 8,311 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.55, for a total value of $636,207.05. Following the transaction, the insider owned 8,090 shares of the company’s stock, valued at $619,289.50. This represents a 50.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

About Corteva

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.