Radnor Capital Management LLC Has $4.39 Million Stock Position in Corning Incorporated $GLW

Radnor Capital Management LLC lifted its position in shares of Corning Incorporated (NYSE:GLW) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,153 shares of the electronics maker’s stock after acquiring an additional 3,976 shares during the quarter. Corning makes up about 0.7% of Radnor Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Radnor Capital Management LLC’s holdings in Corning were worth $4,391,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Corning by 10.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,031 shares of the electronics maker’s stock valued at $2,892,000 after acquiring an additional 3,129 shares during the last quarter. Entrust Financial LLC acquired a new stake in Corning in the fourth quarter worth about $78,000. Intrua Financial LLC raised its holdings in Corning by 16.5% during the 4th quarter. Intrua Financial LLC now owns 6,364 shares of the electronics maker’s stock worth $557,000 after purchasing an additional 902 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Corning by 44.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,576 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 484 shares during the period. Finally, Mission Wealth Management LP lifted its position in Corning by 3.0% during the 4th quarter. Mission Wealth Management LP now owns 15,817 shares of the electronics maker’s stock valued at $1,385,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Performance

Shares of GLW stock opened at $178.74 on Tuesday. The stock has a market cap of $153.83 billion, a PE ratio of 85.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.14. The stock has a 50-day moving average of $157.10 and a 200-day moving average of $120.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. Corning Incorporated has a one year low of $47.40 and a one year high of $211.79.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $0.54 EPS. Corning’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. Corning’s payout ratio is 53.59%.

Insider Activity

In related news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 170,774 shares of company stock worth $28,148,435 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Bank of America increased their price objective on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Sunday. Mizuho upped their target price on shares of Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Finally, Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.92.

Corning Company 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.