Ilmarinen Mutual Pension Insurance Co Purchases 20,000 Shares of Corteva, Inc. (NYSE:CTVA)

Ilmarinen Mutual Pension Insurance Co boosted its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 44.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,000 shares of the company's stock after buying an additional 20,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Corteva were worth $3,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in Corteva by 64.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,528 shares of the company's stock valued at $502,000 after purchasing an additional 3,357 shares during the period. IHT Wealth Management LLC purchased a new position in shares of Corteva in the third quarter worth $201,000. Royal London Asset Management Ltd. boosted its position in shares of Corteva by 2.5% during the third quarter. Royal London Asset Management Ltd. now owns 291,763 shares of the company's stock worth $17,153,000 after acquiring an additional 7,219 shares during the last quarter. Quantinno Capital Management LP grew its stake in Corteva by 323.2% during the third quarter. Quantinno Capital Management LP now owns 82,998 shares of the company's stock valued at $4,879,000 after acquiring an additional 63,388 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Corteva by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 367,328 shares of the company's stock valued at $21,595,000 after acquiring an additional 7,181 shares during the last quarter. 81.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CTVA. Barclays increased their price objective on shares of Corteva from $62.00 to $64.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Wells Fargo & Company raised their price target on Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Citigroup upped their price objective on Corteva from $69.00 to $74.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Bank of America raised their target price on shares of Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Argus raised shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 price target on the stock in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.06.

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Corteva Trading Up 2.2 %

Corteva stock traded up $1.28 during mid-day trading on Friday, hitting $59.22. The company's stock had a trading volume of 959,687 shares, compared to its average volume of 3,293,487. 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 has a 50 day moving average of $61.40 and a 200-day moving average of $60.23. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24. The stock has a market cap of $40.45 billion, a PE ratio of 45.92, a P/E/G ratio of 1.68 and a beta of 0.73.

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

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. Corteva's payout ratio is 52.71%.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 26,560 shares of the firm'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 owns 11,347 shares of the company's stock, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.