Huntington National Bank Has $20.45 Million Stock Holdings in Corteva, Inc. $CTVA

Huntington National Bank lessened its holdings in Corteva, Inc. (NYSE:CTVA) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 305,141 shares of the company’s stock after selling 6,678 shares during the period. Huntington National Bank’s holdings in Corteva were worth $20,454,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in Corteva by 118.3% in the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Corteva in the third quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new position in Corteva in the third quarter worth about $29,000. Jackson Grant Investment Advisers Inc. raised its position in Corteva by 90.6% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 213 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Corteva in the third quarter worth about $33,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analyst Ratings Changes

CTVA has been the subject of several recent research reports. CICC Research increased their price target on shares of Corteva from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Rothschild & Co Redburn lifted their price target on shares of Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. downgraded shares of Corteva from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $77.00 in a report on Thursday, February 5th. Finally, Mizuho lifted their price target on shares of Corteva from $82.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Corteva presently has an average rating of “Moderate Buy” and an average price target of $88.14.

Corteva Stock Up 1.0%

Shares of NYSE CTVA opened at $79.89 on Thursday. The firm’s 50-day simple moving average is $81.34 and its 200 day simple moving average is $74.39. The company has a market cap of $53.43 billion, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 2.42 and a beta of 0.59. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $85.63.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.32. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, research analysts expect that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is 42.35%.

Corteva 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.