Nordea Investment Management AB Buys 5,227 Shares of Corning Incorporated $GLW

Key Points

• Nordea Investment Management AB increased its stake in Corning Incorporated by 8.0%, acquiring an additional 5,227 shares, bringing its total holdings to 70,651 shares valued at $3.73 million.
• Corning reported a better-than-expected quarterly earnings of $0.60 EPS, surpassing analysts' estimates, and has set a Q3 2025 earnings guidance between 0.630-0.670 EPS.
• The company announced a quarterly dividend of $0.28, with an ex-dividend date on November 14th, representing an annual yield of 1.3% based on a payout ratio of 119.15%.

Nordea Investment Management AB increased its stake in Corning Incorporated (NYSE:GLW - Free Report) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,651 shares of the electronics maker's stock after purchasing an additional 5,227 shares during the quarter. Nordea Investment Management AB's holdings in Corning were worth $3,731,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC raised its holdings in shares of Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker's stock worth $27,000 after purchasing an additional 339 shares during the period. Investment Management Corp VA ADV grew its stake in Corning by 165.9% in the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker's stock valued at $34,000 after buying an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Corning by 90.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker's stock valued at $34,000 after buying an additional 353 shares in the last quarter. Resources Management Corp CT ADV grew its stake in Corning by 66.7% in the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker's stock valued at $34,000 after buying an additional 300 shares in the last quarter. Finally, Gen Wealth Partners Inc grew its stake in Corning by 151.7% in the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker's stock valued at $35,000 after buying an additional 455 shares in the last quarter. Institutional investors own 69.80% of the company's stock.

Corning Stock Up 1.1%

GLW opened at $86.18 on Wednesday. The company has a fifty day moving average price of $76.15 and a 200-day moving average price of $59.25. The firm has a market capitalization of $73.82 billion, a P/E ratio of 91.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93. Corning Incorporated has a one year low of $37.31 and a one year high of $87.78.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Equities research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning's payout ratio is 119.15%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLW. Susquehanna reiterated a "positive" rating and issued a $75.00 price objective (up from $60.00) on shares of Corning in a research note on Wednesday, July 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Corning in a research note on Wednesday, October 8th. Argus reiterated a "buy" rating and issued a $68.00 price objective on shares of Corning in a research note on Wednesday, July 30th. Citigroup lifted their price objective on shares of Corning from $72.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen lowered shares of Corning from a "strong-buy" rating to a "hold" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $73.00.

Insider Buying and Selling

In related news, EVP Lewis A. Steverson sold 16,646 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total value of $1,035,714.12. Following the completion of the transaction, the executive vice president directly owned 39,759 shares in the company, valued at approximately $2,473,804.98. The trade was a 29.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Paul O'day sold 14,879 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the transaction, the senior vice president owned 35,743 shares of the company's stock, valued at $2,228,933.48. This trade represents a 29.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 181,671 shares of company stock valued at $11,816,899 in the last three months. 0.32% of the stock is owned by corporate insiders.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

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