Lincoln Capital LLC Makes New $912,000 Investment in Corning Incorporated $GLW

Lincoln Capital LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,420 shares of the electronics maker’s stock, valued at approximately $912,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Corning by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock valued at $8,096,577,000 after buying an additional 750,530 shares during the last quarter. State Street Corp lifted its holdings in shares of Corning by 1.2% during the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock worth $3,035,836,000 after buying an additional 439,883 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 buying an additional 3,848,540 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Corning by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after acquiring an additional 1,036,988 shares during the period. Finally, Capital Research Global Investors bought a new stake in shares of Corning in the third quarter valued at approximately $907,164,000. 69.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. HSBC restated a “buy” rating and issued a $135.00 price target on shares of Corning in a research report on Friday, February 13th. UBS Group boosted their price objective on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Mizuho set a $145.00 target price on shares of Corning in a research note on Monday, February 23rd. Finally, Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $131.75.

Insider Activity at Corning

In related news, COO Avery H. Nelson III sold 1,583 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the transaction, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.40% of the company’s stock.

Corning Trading Down 6.3%

Shares of Corning stock opened at $124.72 on Friday. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10. The firm has a market capitalization of $107.00 billion, a PE ratio of 67.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. 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’s fifty day moving average price is $122.00 and its two-hundred day moving average price is $97.46.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter 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, analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s payout ratio is presently 60.87%.

Corning Profile

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.