Stanley Capital Management LLC Invests $22.16 Million in Corteva, Inc. $CTVA

Stanley Capital Management LLC bought a new stake in shares of Corteva, Inc. (NYSE:CTVA) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 261,700 shares of the company’s stock, valued at approximately $22,163,000. Corteva accounts for about 2.9% of Stanley Capital Management LLC’s portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of CTVA. Vanguard Group Inc. lifted its stake in Corteva by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 80,536,951 shares of the company’s stock valued at $5,398,392,000 after buying an additional 317,538 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Corteva during the second quarter valued at approximately $4,560,180,000. State Street Corp lifted its position in shares of Corteva by 3.7% in the 4th quarter. State Street Corp now owns 36,570,876 shares of the company’s stock valued at $2,451,346,000 after acquiring an additional 1,290,071 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Corteva by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company’s stock valued at $1,309,599,000 after acquiring an additional 805,873 shares in the last quarter. Finally, Harris Associates L P boosted its stake in Corteva by 168.1% in the 4th quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock worth $1,141,268,000 after purchasing an additional 10,675,052 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CTVA shares. CICC Research lifted their price objective 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. JPMorgan Chase & Co. raised their target price on Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Mizuho upped their price target on Corteva from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. UBS Group reduced their price objective on Corteva from $89.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, August 18th. Finally, BNP Paribas Exane raised their price objective on Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Corteva presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Corteva Stock Up 0.4%

CTVA stock opened at $83.18 on Wednesday. The company has a 50 day moving average of $82.39 and a two-hundred day moving average of $80.37. The company has a market cap of $55.50 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 2.54 and a beta of 0.57. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $90.97. 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 (NYSE:CTVA) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period in the previous year, the company posted $2.20 EPS. Corteva’s revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, equities analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently announced 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 0.9%. Corteva’s payout ratio is 47.68%.

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.