K.J. Harrison & Partners Inc Buys Shares of 10,050 Corteva, Inc. $CTVA

K.J. Harrison & Partners Inc purchased a new position in shares of Corteva, Inc. (NYSE:CTVA) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,050 shares of the company’s stock, valued at approximately $851,000.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Corteva by 307.2% during the 4th quarter. Brighton Jones LLC now owns 15,588 shares of the company’s stock valued at $888,000 after purchasing an additional 11,760 shares during the period. Woodline Partners LP lifted its position in shares of Corteva by 40.3% in the 1st quarter. Woodline Partners LP now owns 57,919 shares of the company’s stock worth $3,645,000 after purchasing an additional 16,644 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Corteva by 62.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,559 shares of the company’s stock valued at $191,000 after purchasing an additional 980 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Corteva by 2.6% during the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company’s stock valued at $526,000 after purchasing an additional 181 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Corteva during the second quarter valued at approximately $1,464,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CTVA shares. Morgan Stanley upped their target price on Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings downgraded Corteva from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Barclays boosted their price target on Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Oppenheimer raised their price objective on Corteva from $89.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group lifted their target price on Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and an average price target of $91.70.

Corteva Price Performance

Shares of CTVA opened at $75.73 on Tuesday. The company has a 50 day moving average of $81.78 and a two-hundred day moving average of $80.09. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $90.97. The company has a market cap of $50.53 billion, a price-to-earnings ratio of 50.15, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.18 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Corteva’s dividend payout ratio (DPR) is 47.68%.

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.