Kovitz Investment Group Partners LLC Cuts Holdings in Corteva, Inc. $CTVA

Kovitz Investment Group Partners LLC lowered its holdings in Corteva, Inc. (NYSE:CTVA) by 62.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,604 shares of the company’s stock after selling 53,987 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Corteva were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its position in Corteva by 16.7% in the 4th quarter. Invesco Ltd. now owns 11,404,960 shares of the company’s stock worth $764,474,000 after buying an additional 1,630,712 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Corteva by 1.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 31,120 shares of the company’s stock valued at $2,086,000 after acquiring an additional 355 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Corteva by 4.8% in the fourth quarter. Corient Private Wealth LLC now owns 203,950 shares of the company’s stock worth $13,422,000 after acquiring an additional 9,388 shares during the period. Ameriflex Group Inc. grew its stake in shares of Corteva by 14,875.0% in the fourth quarter. Ameriflex Group Inc. now owns 599 shares of the company’s stock worth $40,000 after acquiring an additional 595 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Corteva by 3.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 71,499 shares of the company’s stock valued at $4,793,000 after purchasing an additional 2,620 shares during the last quarter. 81.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CTVA has been the topic of several research reports. Jefferies Financial Group raised their target price on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Rothschild & Co Redburn boosted their target price on shares of Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group increased their price target on Corteva from $88.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. UBS Group dropped their price target on Corteva from $90.00 to $86.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane lifted their price objective on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.81.

Corteva Trading Down 0.0%

Shares of Corteva stock opened at $78.57 on Friday. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The company has a market capitalization of $52.55 billion, a P/E ratio of 46.22, a P/E/G ratio of 2.40 and a beta of 0.57. The company has a fifty day moving average of $79.64 and a 200 day moving average of $75.69.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s quarterly revenue 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, sell-side analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

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

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.