Trust Co. of Vermont Makes New $8.42 Million Investment in Corteva, Inc. $CTVA

Key Points

• Trust Co. of Vermont acquired 99,381 Corteva shares during the second quarter, valued at approximately $8.42 million. Institutional investors collectively own 81.54% of the company.
• Analysts remain broadly positive, with 14 Buy ratings and nine Holds, producing a “Moderate Buy” consensus and an average price target of $91.70.
• Corteva exceeded quarterly EPS expectations, reporting $2.30 versus a $2.24 consensus, though revenue fell 1.2% year over year to $6.38 billion. The company also declared a quarterly dividend of $0.18 per share, or a 1.0% annualized yield.

Trust Co. of Vermont acquired a new position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 99,381 shares of the company's stock, valued at approximately $8,417,000.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Corteva from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Royal Bank Of Canada boosted their price target on Corteva from $97.00 to $103.00 and gave the company an "outperform" rating in a research note on Tuesday, July 21st. Oppenheimer upped their target price on shares of Corteva from $89.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Morgan Stanley raised their price objective on shares of Corteva from $84.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Finally, BNP Paribas Exane raised their target price on Corteva from $74.00 to $77.00 in a research note on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.70.

Corteva Trading Down 1.2%

Shares of NYSE CTVA opened at $75.73 on Tuesday. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $90.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. The firm has a market capitalization of $50.53 billion, a P/E ratio of 50.15, a P/E/G ratio of 2.35 and a beta of 0.57. The company's 50 day simple moving average is $81.78 and its 200 day simple moving average is $80.09.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.60 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, analysts predict that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva's dividend payout ratio is presently 47.68%.

Corteva Company 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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