DB Fitzpatrick & Co Inc Sells 16,262 Shares of Corning Incorporated $GLW

DB Fitzpatrick & Co Inc cut its position in Corning Incorporated (NYSE:GLW) by 58.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,559 shares of the electronics maker’s stock after selling 16,262 shares during the quarter. DB Fitzpatrick & Co Inc’s holdings in Corning were worth $1,012,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GLW. Capital Research Global Investors bought a new position in Corning in the third quarter valued at approximately $907,164,000. WCM Investment Management LLC bought a new stake in Corning during the third quarter worth $676,931,000. Wellington Management Group LLP lifted its stake in Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Finally, Polar Capital Holdings Plc boosted its holdings in shares of Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock valued at $329,035,000 after purchasing an additional 2,348,125 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 5.6%

Shares of GLW opened at $135.81 on Wednesday. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The stock has a market capitalization of $116.67 billion, a price-to-earnings ratio of 73.81, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a fifty day moving average of $128.28 and a 200-day moving average of $100.78.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the business posted $0.57 EPS. Corning’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Activity at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the sale, the insider directly owned 4,926 shares in the company, valued at $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

GLW has been the subject of a number of research analyst reports. Bank of America boosted their price target on Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 target price on Corning in a research report on Thursday, January 29th. UBS Group boosted their target price on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.08.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Jim Cramer singled out Corning as “the best one” for the AI and data-center buildout, a high-profile endorsement that can attract retail and momentum buying. Jim Cramer Chooses Corning Incorporated As “The Best One” for AI and Data Center Buildout
• Positive Sentiment: Corning and Meta held a groundbreaking for a significant optical cable manufacturing expansion in Hickory, NC — part of a multiyear, up-to-$6B tie-up to supply AI data-center infrastructure. This is a direct demand catalyst and supports upside to revenue and margins over time. Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
• Positive Sentiment: Zacks highlighted GLW among high-ROE, defensive names to consider amid geopolitical risk, reinforcing an investment narrative around cash efficiency and resiliency. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Neutral Sentiment: Zacks also ran a sector-performance piece comparing GLW to computer/technology peers; useful context for relative strength but not a direct catalyst. Is Corning (GLW) Stock Outpacing Its Computer and Technology Peers This Year?
• Neutral Sentiment: Coverage in broader market roundups (e.g., 247WallSt) noting momentum despite recent index weakness may support sentiment but is not company-specific news. What Correction? 4 Nasdaq Stocks on a Roll That Still Have More Upside
• Negative Sentiment: Truist initiated coverage with a “hold” rating and a $125 price target, implying downside from current levels and potentially capping near-term upside from institutional flows. Benzinga Coverage: Truist Initiates on Corning

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.