Public Sector Pension Investment Board Boosts Holdings in Corteva, Inc. $CTVA

Public Sector Pension Investment Board boosted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 13.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 58,528 shares of the company’s stock after purchasing an additional 6,891 shares during the period. Public Sector Pension Investment Board’s holdings in Corteva were worth $3,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Chilton Capital Management LLC grew its stake in shares of Corteva by 18.1% in the third quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock worth $30,119,000 after acquiring an additional 68,380 shares in the last quarter. TriaGen Wealth Management LLC purchased a new position in Corteva in the third quarter valued at $4,284,000. Truist Financial Corp boosted its holdings in Corteva by 4.5% in the third quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after purchasing an additional 13,910 shares during the period. New York State Teachers Retirement System grew its stake in Corteva by 4.5% during the 3rd quarter. New York State Teachers Retirement System now owns 551,389 shares of the company’s stock worth $37,290,000 after purchasing an additional 23,548 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Corteva by 27.4% during the 3rd quarter. Nordea Investment Management AB now owns 75,675 shares of the company’s stock worth $5,103,000 after purchasing an additional 16,261 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and set a $88.00 price objective on shares of Corteva in a research report on Thursday, February 5th. Zacks Research upgraded shares of Corteva from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on shares of Corteva from $80.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Corteva from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen cut Corteva from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.30.

Corteva Price Performance

Shares of NYSE:CTVA opened at $76.20 on Friday. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $77.41. The firm has a market capitalization of $51.25 billion, a P/E ratio of 48.23, a P/E/G ratio of 2.62 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. The company’s fifty day moving average price is $70.71 and its 200 day moving average price is $68.60.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Corteva’s revenue for the quarter 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, sell-side analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Corteva’s dividend payout ratio (DPR) is currently 45.57%.

Corteva 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.