Robeco Institutional Asset Management B.V. Lowers Stake in Corteva, Inc. (NYSE:CTVA)

Robeco Institutional Asset Management B.V. lowered its position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 62.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,586 shares of the company's stock after selling 96,822 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Corteva were worth $3,687,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new position in Corteva during the fourth quarter worth about $25,000. Noble Wealth Management PBC acquired a new position in Corteva during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of Corteva during the 4th quarter worth approximately $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corteva during the 4th quarter worth approximately $31,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Corteva in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds 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. UBS Group upped their price objective on Corteva from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group started coverage on shares of Corteva in a research report on Thursday, March 13th. They set a "buy" rating and a $71.00 target price on the stock. KeyCorp increased their price target on shares of Corteva from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Morgan Stanley boosted their price objective on shares of Corteva from $65.00 to $71.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Oppenheimer restated an "outperform" rating and issued a $75.00 price target (up previously from $72.00) on shares of Corteva in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Corteva presently has an average rating of "Moderate Buy" and a consensus price target of $72.08.

Corteva Trading Up 0.3%

Shares of CTVA traded up $0.24 on Friday, hitting $77.24. 1,419,340 shares of the stock traded hands, compared to its average volume of 3,398,787. Corteva, Inc. has a 1 year low of $50.30 and a 1 year high of $77.41. The stock's 50 day moving average is $69.79 and its two-hundred day moving average is $63.82. The firm has a market capitalization of $52.69 billion, a P/E ratio of 47.09, a P/E/G ratio of 1.97 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.25. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.56 billion. Corteva had a return on equity of 7.84% and a net margin of 6.77%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, sell-side analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Monday, June 2nd. Corteva's dividend payout ratio (DPR) is 41.46%.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.