Public Employees Retirement System of Ohio Invests $19.64 Million in Corteva, Inc. $CTVA

Public Employees Retirement System of Ohio acquired a new stake in Corteva, Inc. (NYSE:CTVA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 231,928 shares of the company’s stock, valued at approximately $19,642,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EFG International AG purchased a new stake in Corteva during the 2nd quarter worth about $25,000. Compass Financial Management LLC purchased a new position in shares of Corteva in the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC boosted its stake in shares of Corteva by 334.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 339 shares of the company’s stock valued at $29,000 after buying an additional 261 shares during the period. Clearstead Trust LLC acquired a new position in shares of Corteva during the second quarter worth about $31,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Corteva during the third quarter worth about $25,000. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Corteva Trading Up 1.9%

NYSE:CTVA opened at $84.00 on Friday. The company has a market capitalization of $56.04 billion, a PE ratio of 55.63, a P/E/G ratio of 2.58 and a beta of 0.57. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $90.97. The stock’s 50 day moving average price is $82.69 and its 200 day moving average price is $80.54. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, research analysts anticipate that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.18 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is 47.68%.

Analyst Upgrades and Downgrades

CTVA has been the topic of several analyst reports. CICC Research raised their target price on shares of Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Corteva from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Jefferies Financial Group lifted their price objective on shares of Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, UBS Group dropped their target price on Corteva from $89.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, August 18th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

About Corteva

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.