ING Groep NV Has $3.24 Million Stock Position in Corteva, Inc. $CTVA

ING Groep NV cut its holdings in Corteva, Inc. (NYSE:CTVA) by 46.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,917 shares of the company’s stock after selling 41,844 shares during the period. ING Groep NV’s holdings in Corteva were worth $3,241,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Gladwyn Financial Advisors Inc. acquired a new position in shares of Corteva during the 2nd quarter worth approximately $25,000. Activest Wealth Management raised its position in shares of 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 buying an additional 200 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Corteva by 209.5% in the third quarter. True Wealth Design LLC now owns 390 shares of the company’s stock valued at $26,000 after buying an additional 264 shares during the period. Total Investment Management Inc. acquired a new stake in Corteva during the second quarter worth approximately $27,000. Finally, Curat Global LLC increased its stake in Corteva by 93.7% during the 2nd quarter. Curat Global LLC now owns 370 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the period. 81.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTVA has been the subject of a number of recent analyst reports. Mizuho upped their target price on Corteva from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. downgraded Corteva from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $77.00 in a research note on Thursday, February 5th. Zacks Research upgraded shares of Corteva from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. CICC Research raised their target price on shares of Corteva from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Rothschild & Co Redburn dropped their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.20.

Corteva Stock Up 1.2%

CTVA stock opened at $74.98 on Friday. The firm has a 50-day moving average price of $69.67 and a 200-day moving average price of $68.46. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $50.67 billion, a P/E ratio of 47.46, a price-to-earnings-growth ratio of 2.52 and a beta of 0.75.

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

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued 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 1.0%. Corteva’s dividend payout ratio is 45.57%.

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.