Principal Financial Group Inc. Decreases Stock Position in Corteva, Inc. $CTVA

Principal Financial Group Inc. lessened its stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,383,744 shares of the company's stock after selling 850,579 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Corteva worth $226,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chilton Capital Management LLC raised its position in Corteva by 18.1% in the 3rd quarter. Chilton Capital Management LLC now owns 445,350 shares of the company's stock worth $30,119,000 after purchasing an additional 68,380 shares during the period. Drummond Knight Asset Management Pty Ltd purchased a new stake in Corteva in the 4th quarter worth about $25,713,000. Truist Financial Corp raised its position in Corteva by 4.5% in the 3rd quarter. Truist Financial Corp now owns 321,913 shares of the company's stock worth $21,771,000 after purchasing an additional 13,910 shares during the period. New York State Teachers Retirement System raised its position in Corteva by 4.5% in the 3rd quarter. New York State Teachers Retirement System now owns 551,389 shares of the company's stock worth $37,290,000 after purchasing an additional 23,548 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in Corteva in the 3rd quarter worth about $5,018,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Analysts Set New Price Targets

CTVA has been the topic of a number of recent analyst reports. Zacks Research lowered Corteva from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Oppenheimer increased their target price on Corteva from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. UBS Group increased their target price on Corteva from $80.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Corteva in a research note on Wednesday, April 22nd. Finally, Mizuho increased their target price on Corteva from $82.00 to $94.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 15th. 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.38.

Corteva Stock Performance

Shares of Corteva stock opened at $83.91 on Wednesday. The firm has a market cap of $56.33 billion, a P/E ratio of 53.11, a P/E/G ratio of 2.80 and a beta of 0.59. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $85.63. The stock's fifty day moving average price is $80.55 and its 200-day moving average price is $72.34.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.18 by $0.32. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.64 billion. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities research analysts expect that Corteva, Inc. will post 3.62 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva's dividend payout ratio (DPR) is currently 45.57%.

Insider Transactions at Corteva

In related news, insider Brian Titus sold 8,311 shares of Corteva stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.55, for a total transaction of $636,207.05. Following the transaction, the insider directly owned 8,090 shares of the company's stock, valued at $619,289.50. This trade represents a 50.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by insiders.

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.

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