Douglass Winthrop Advisors LLC Boosts Holdings in Corteva, Inc. (NYSE:CTVA)

Douglass Winthrop Advisors LLC raised its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,803 shares of the company’s stock after buying an additional 1,758 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Corteva were worth $387,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CTVA. Holderness Investments Co. increased its stake in shares of Corteva by 9.0% in the 4th quarter. Holderness Investments Co. now owns 9,345 shares of the company’s stock worth $532,000 after purchasing an additional 768 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Corteva by 774.9% during the fourth quarter. Teacher Retirement System of Texas now owns 40,832 shares of the company’s stock valued at $2,326,000 after purchasing an additional 36,165 shares during the period. Royal London Asset Management Ltd. raised its stake in shares of Corteva by 1.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 296,058 shares of the company’s stock worth $16,863,000 after buying an additional 4,295 shares during the period. Koss Olinger Consulting LLC purchased a new position in shares of Corteva during the 4th quarter valued at about $618,000. Finally, Enhancing Capital LLC bought a new position in shares of Corteva during the 4th quarter valued at approximately $292,000. 81.54% of the stock is currently owned by institutional investors.

Insider Activity at Corteva

In related news, insider Brian Titus sold 26,560 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the transaction, the insider now directly owns 11,347 shares in the company, valued at approximately $723,257.78. This represents a 70.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

CTVA has been the topic of a number of recent analyst reports. KeyCorp raised their target price on shares of Corteva from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. BNP Paribas upgraded shares of Corteva to a “hold” rating in a research note on Monday, February 10th. Bank of America increased their price target on Corteva from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Barclays boosted their price objective on Corteva from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Oppenheimer upped their price objective on Corteva from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Corteva Trading Down 0.2 %

Shares of CTVA opened at $61.70 on Friday. Corteva, Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $66.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45. The company’s fifty day moving average is $62.44 and its 200 day moving average is $59.84. The stock has a market capitalization of $42.30 billion, a PE ratio of 47.83, a P/E/G ratio of 1.68 and a beta of 0.79.

Corteva (NYSE:CTVA) last announced its earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. Sell-side analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, March 3rd. Corteva’s dividend payout ratio (DPR) is 52.71%.

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.