Aster Capital Management DIFC Ltd Takes $758,000 Position in Corteva, Inc. $CTVA

Aster Capital Management DIFC Ltd bought a new position in shares of Corteva, Inc. (NYSE:CTVA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,212 shares of the company’s stock, valued at approximately $758,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in Corteva by 118.3% during the 3rd quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. True Wealth Design LLC raised its holdings in shares of Corteva by 209.5% during the third quarter. True Wealth Design LLC now owns 390 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. Total Investment Management Inc. acquired a new stake in Corteva during the 2nd quarter worth about $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Corteva during the 2nd quarter valued at about $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Corteva in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. CICC Research raised their target price on Corteva from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. UBS Group lowered shares of Corteva from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Wolfe Research boosted their target price on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Mizuho raised their price target on shares of Corteva from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Citigroup lifted their price objective on shares of Corteva from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.30.

Insider Activity at Corteva

In related news, insider Brian Titus sold 8,311 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.55, for a total transaction of $636,207.05. Following the transaction, the insider directly owned 8,090 shares in the company, valued at approximately $619,289.50. The trade was a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Corteva Price Performance

Shares of Corteva stock opened at $78.79 on Friday. The business has a 50 day simple moving average of $71.64 and a two-hundred day simple moving average of $68.78. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $78.83. The stock has a market capitalization of $52.99 billion, a P/E ratio of 49.87, a PEG ratio of 2.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.96.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, analysts predict that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Corteva’s dividend payout ratio is presently 45.57%.

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.