Houlihan Financial Resource Group Ltd. Takes Position in Corteva, Inc. $CTVA

Houlihan Financial Resource Group Ltd. bought a new stake in Corteva, Inc. (NYSE:CTVA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,183 shares of the company’s stock, valued at approximately $616,000.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Corteva by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 80,536,951 shares of the company’s stock valued at $5,398,392,000 after purchasing an additional 317,538 shares in the last quarter. State Street Corp increased its position in shares of Corteva by 3.6% during the third quarter. State Street Corp now owns 35,280,805 shares of the company’s stock valued at $2,386,041,000 after acquiring an additional 1,230,074 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Corteva by 5.9% during the third quarter. Franklin Resources Inc. now owns 18,731,627 shares of the company’s stock worth $1,266,820,000 after acquiring an additional 1,051,389 shares during the period. Northern Trust Corp boosted its position in Corteva by 1.8% in the third quarter. Northern Trust Corp now owns 11,169,284 shares of the company’s stock worth $755,379,000 after purchasing an additional 194,728 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Corteva by 14.3% in the 3rd quarter. Legal & General Group Plc now owns 5,753,982 shares of the company’s stock valued at $389,142,000 after purchasing an additional 720,469 shares during the period. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their target price on Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price target on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Argus boosted their price target on shares of Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Zacks Research downgraded shares of Corteva from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Rothschild & Co Redburn boosted their price target on shares of Corteva from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.67.

Corteva Stock Performance

NYSE:CTVA opened at $80.53 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The business has a fifty day simple moving average of $81.35 and a two-hundred day simple moving average of $74.50. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $85.63. The company has a market capitalization of $53.86 billion, a P/E ratio of 47.37, a P/E/G ratio of 2.44 and a beta of 0.59.

Corteva (NYSE:CTVA) last released its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, analysts expect that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio (DPR) is currently 42.35%.

Corteva Company 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.