Cerity Partners LLC Has $18.96 Million Stock Holdings in Corteva, Inc. $CTVA

Cerity Partners LLC raised its position in shares of Corteva, Inc. (NYSE:CTVA) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,381 shares of the company’s stock after purchasing an additional 12,873 shares during the period. Cerity Partners LLC’s holdings in Corteva were worth $18,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its holdings in shares of Corteva by 49.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,506 shares of the company’s stock worth $336,000 after buying an additional 1,493 shares in the last quarter. Gabelli Funds LLC grew its position in Corteva by 3.4% in the second quarter. Gabelli Funds LLC now owns 45,700 shares of the company’s stock valued at $3,406,000 after acquiring an additional 1,500 shares during the last quarter. Jump Financial LLC acquired a new position in Corteva during the second quarter worth about $1,464,000. Cresset Asset Management LLC lifted its holdings in shares of Corteva by 2.6% in the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company’s stock worth $526,000 after acquiring an additional 181 shares during the last quarter. Finally, SCS Capital Management LLC boosted its stake in shares of Corteva by 17.6% in the 2nd quarter. SCS Capital Management LLC now owns 9,811 shares of the company’s stock valued at $731,000 after purchasing an additional 1,468 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CTVA shares. Morgan Stanley set a $84.00 price objective on shares of Corteva in a research report on Monday, September 15th. Royal Bank Of Canada decreased their target price on shares of Corteva from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. BNP Paribas Exane increased their price target on Corteva from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Mizuho cut their price objective on Corteva from $85.00 to $78.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their target price on Corteva from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.05.

Corteva Trading Up 1.2%

Shares of CTVA stock opened at $65.85 on Wednesday. Corteva, Inc. has a 1-year low of $53.40 and a 1-year high of $77.41. The company has a current ratio of 1.58, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock has a market cap of $44.50 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.48 and a beta of 0.74. The stock has a 50-day moving average of $64.09 and a 200-day moving average of $69.55.

Corteva (NYSE:CTVA) last announced its earnings results on Tuesday, November 4th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.26. Corteva had a return on equity of 9.37% and a net margin of 9.19%.The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business posted ($0.49) earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. Corteva’s dividend payout ratio is 30.77%.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.