Corteva, Inc. (NYSE:CTVA) Stock Position Lessened by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC decreased its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 675,621 shares of the company's stock after selling 94,225 shares during the quarter. Corteva accounts for approximately 1.0% of Hardman Johnston Global Advisors LLC's holdings, making the stock its 28th largest position. Hardman Johnston Global Advisors LLC owned approximately 0.10% of Corteva worth $32,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CTVA. Kingsview Wealth Management LLC increased its holdings in shares of Corteva by 2.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 7,660 shares of the company's stock valued at $438,000 after acquiring an additional 153 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Corteva by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 3,867 shares of the company's stock valued at $233,000 after acquiring an additional 182 shares during the last quarter. Laidlaw Wealth Management LLC increased its holdings in shares of Corteva by 5.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 3,968 shares of the company's stock valued at $233,000 after acquiring an additional 194 shares during the last quarter. Arcataur Capital Management LLC increased its holdings in shares of Corteva by 2.4% during the 3rd quarter. Arcataur Capital Management LLC now owns 8,598 shares of the company's stock valued at $440,000 after acquiring an additional 200 shares during the last quarter. Finally, Union Savings Bank increased its holdings in shares of Corteva by 58.5% during the 3rd quarter. Union Savings Bank now owns 577 shares of the company's stock valued at $30,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 81.54% of the company's stock.

Corteva Price Performance

Shares of Corteva stock traded down $2.70 during midday trading on Friday, hitting $53.76. 3,844,023 shares of the company were exchanged, compared to its average volume of 3,700,485. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90. The firm has a market cap of $37.57 billion, a P/E ratio of 55.35, a PEG ratio of 1.47 and a beta of 0.77. Corteva, Inc. has a 52 week low of $43.22 and a 52 week high of $63.37. The firm has a 50 day simple moving average of $55.12 and a 200-day simple moving average of $50.17.

Corteva (NYSE:CTVA - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same quarter last year, the company earned $0.16 EPS. Research analysts forecast that Corteva, Inc. will post 2.86 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.19%. Corteva's dividend payout ratio (DPR) is presently 62.75%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTVA. TheStreet raised Corteva from a "c+" rating to a "b-" rating in a report on Tuesday, February 27th. KeyCorp raised their target price on Corteva from $63.00 to $66.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $57.00 target price (down previously from $58.00) on shares of Corteva in a report on Friday. BNP Paribas raised Corteva from an "underperform" rating to a "neutral" rating and set a $53.00 target price on the stock in a report on Friday, February 2nd. Finally, Loop Capital raised Corteva from a "hold" rating to a "buy" rating and raised their target price for the company from $57.00 to $65.00 in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $63.05.

Corteva Company Profile

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.

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