Goelzer Investment Management Inc. Has $3.15 Million Stock Holdings in Corning Incorporated $GLW

Goelzer Investment Management Inc. decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 42.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,917 shares of the electronics maker’s stock after selling 26,991 shares during the period. Goelzer Investment Management Inc.’s holdings in Corning were worth $3,145,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GLW. Capital Research Global Investors acquired a new position in Corning in the third quarter valued at approximately $907,164,000. Norges Bank bought a new position in shares of Corning during the 2nd quarter worth approximately $534,936,000. WCM Investment Management LLC acquired a new stake in shares of Corning during the 3rd quarter worth approximately $676,931,000. Wellington Management Group LLP grew its position in shares of Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after buying an additional 3,848,540 shares during the period. Finally, Voya Investment Management LLC increased its stake 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 acquiring an additional 2,795,948 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insiders Place Their Bets

In other news, COO Avery H. Nelson III sold 1,583 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the sale, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. This represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares of the company’s stock, valued at approximately $641,611.50. This represents a 75.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 in the last three months. 0.40% of the stock is owned by corporate insiders.

Corning Stock Up 1.2%

Shares of NYSE GLW opened at $136.94 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a 50-day moving average price of $126.73 and a 200-day moving average price of $99.82. The stock has a market capitalization of $117.64 billion, a P/E ratio of 74.43, a P/E/G ratio of 2.16 and a beta of 1.05. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping 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 firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is presently 60.87%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GLW. Citigroup increased their target price on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. Finally, Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

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.