Corteva, Inc. $CTVA Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its position in shares of Corteva, Inc. (NYSE:CTVA) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,044 shares of the company’s stock after buying an additional 19,758 shares during the period. Aberdeen Group plc owned 0.08% of Corteva worth $35,401,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its stake in Corteva by 20.7% during the 3rd quarter. Metis Global Partners LLC now owns 107,570 shares of the company’s stock worth $7,275,000 after purchasing an additional 18,484 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Corteva by 13.3% during the third quarter. Public Sector Pension Investment Board now owns 58,528 shares of the company’s stock worth $3,958,000 after acquiring an additional 6,891 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Corteva by 9.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 221,070 shares of the company’s stock valued at $14,951,000 after acquiring an additional 19,827 shares in the last quarter. Varma Mutual Pension Insurance Co raised its holdings in Corteva by 8.5% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 163,876 shares of the company’s stock valued at $11,083,000 after acquiring an additional 12,900 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its stake in Corteva by 13.2% in the 3rd quarter. Savvy Advisors Inc. now owns 9,290 shares of the company’s stock worth $628,000 after purchasing an additional 1,083 shares in the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America boosted their price target on shares of Corteva from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. CICC Research boosted 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, February 11th. Mizuho raised their price target on shares of Corteva from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Oppenheimer set a $86.00 price target on shares of Corteva in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Corteva in a research report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and an average target price of $82.20.

Corteva Stock Performance

Shares of Corteva stock opened at $74.98 on Tuesday. The business has a 50-day simple moving average of $69.87 and a 200-day simple moving average of $68.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 1.43. Corteva, Inc. has a one year low of $53.40 and a one year high of $77.41. The company has a market cap of $50.43 billion, a PE ratio of 47.46, a P/E/G ratio of 2.56 and a beta of 0.75.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business 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 company’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities research analysts forecast 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. Investors of record on Monday, March 2nd will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. Corteva’s dividend payout ratio (DPR) is currently 45.57%.

Corteva Company 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.