1ST Source Bank Invests $1.61 Million in Corteva, Inc. $CTVA

Key Points

• 1ST Source Bank acquired 18,978 Corteva shares worth approximately $1.61 million in the second quarter. Institutional investors collectively own 81.54% of Corteva’s outstanding stock.
• Corteva reported quarterly EPS of $2.30, exceeding the $2.24 analyst consensus, although revenue fell 1.2% year over year to $6.38 billion. Management issued fiscal 2026 EPS guidance of $3.60–$3.80.
• The company declared a quarterly dividend of $0.18 per share, equal to a $0.72 annualized payout and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.70.

1ST Source Bank acquired a new position in Corteva, Inc. (NYSE:CTVA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,978 shares of the company's stock, valued at approximately $1,607,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CTVA. Vanguard Group Inc. boosted its position in shares of Corteva by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 80,536,951 shares of the company's stock valued at $5,398,392,000 after acquiring an additional 317,538 shares during the last quarter. State Street Corp lifted its position in Corteva by 3.7% in the fourth quarter. State Street Corp now owns 36,570,876 shares of the company's stock worth $2,451,346,000 after buying an additional 1,290,071 shares during the last quarter. Franklin Resources Inc. grew its holdings in Corteva by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company's stock valued at $1,309,599,000 after purchasing an additional 805,873 shares during the last quarter. Harris Associates L P boosted its position in shares of Corteva by 168.1% during the fourth quarter. Harris Associates L P now owns 17,026,221 shares of the company's stock valued at $1,141,268,000 after buying an additional 10,675,052 shares during the period. Finally, Northern Trust Corp increased its stake in Corteva by 5.0% in the fourth quarter. Northern Trust Corp now owns 11,731,834 shares of the company's stock worth $786,385,000 after purchasing an additional 562,550 shares during the period. 81.54% of the stock is currently owned by institutional investors.

Corteva Trading Down 0.0%

Shares of NYSE:CTVA opened at $76.65 on Monday. The business has a 50 day moving average of $81.79 and a two-hundred day moving average of $80.07. The company has a market capitalization of $51.14 billion, a PE ratio of 50.76, a PEG ratio of 2.35 and a beta of 0.57. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $90.97. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the company posted $2.20 EPS. The company's revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, analysts forecast that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on CTVA shares. JPMorgan Chase & Co. lifted their price target on shares of Corteva from $77.00 to $83.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Morgan Stanley raised their target price on shares of Corteva from $84.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $101.00 target price on shares of Corteva in a research report on Monday, August 3rd. Rothschild & Co Redburn increased their price target on shares of Corteva from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Finally, Oppenheimer increased their price objective on Corteva from $89.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Corteva currently has an average rating of "Moderate Buy" and a consensus price target of $91.70.

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.

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