B. Metzler seel. Sohn & Co. AG Increases Holdings in Corteva, Inc. (NYSE:CTVA)

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870,859 shares of the company's stock after acquiring an additional 1,172,110 shares during the period. Corteva comprises about 1.7% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 13th largest position. B. Metzler seel. Sohn & Co. AG owned approximately 0.42% of Corteva worth $163,181,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Summit Financial LLC boosted its holdings in Corteva by 52.5% in the fourth quarter. Summit Financial LLC now owns 8,208 shares of the company's stock worth $468,000 after acquiring an additional 2,824 shares in the last quarter. AIA Group Ltd acquired a new stake in Corteva in the 4th quarter worth approximately $2,455,000. O Shaughnessy Asset Management LLC grew its position in Corteva by 11.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 176,491 shares of the company's stock worth $10,053,000 after purchasing an additional 18,058 shares during the last quarter. Clearbridge Investments LLC increased its stake in Corteva by 8.7% during the 4th quarter. Clearbridge Investments LLC now owns 1,765,829 shares of the company's stock valued at $100,582,000 after purchasing an additional 141,145 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Corteva in the fourth quarter worth $8,538,000. Institutional investors own 81.54% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer upped their target price on Corteva from $70.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. UBS Group cut their price objective on Corteva from $74.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, January 10th. BNP Paribas raised Corteva to a "hold" rating in a report on Monday, February 10th. Wells Fargo & Company increased their price target on shares of Corteva from $67.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Finally, Bank of America raised their price target on shares of Corteva from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Corteva presently has a consensus rating of "Moderate Buy" and an average target price of $68.06.

Corteva Price Performance

NYSE CTVA traded down $4.52 during trading hours on Friday, reaching $56.78. The company's stock had a trading volume of 2,275,341 shares, compared to its average volume of 3,226,273. The firm has a market capitalization of $38.78 billion, a price-to-earnings ratio of 44.08, a P/E/G ratio of 1.68 and a beta of 0.73. The company's 50-day moving average is $62.53 and its two-hundred day moving average is $60.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. Corteva, Inc. has a 1-year low of $50.01 and a 1-year high of $66.24.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. On average, equities analysts predict that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva's dividend payout ratio is presently 52.71%.

Insider Buying and Selling

In other Corteva news, insider Brian Titus sold 26,560 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares in the company, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Corteva 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.