Neuberger Berman Group LLC Boosts Stock Position in Corteva, Inc. (NYSE:CTVA)

Neuberger Berman Group LLC grew its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,124,666 shares of the company's stock after buying an additional 19,021 shares during the period. Neuberger Berman Group LLC owned approximately 0.16% of Corteva worth $64,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its position in Corteva by 1.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 13,282 shares of the company's stock valued at $759,000 after acquiring an additional 156 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Corteva by 3.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 4,521 shares of the company's stock valued at $258,000 after purchasing an additional 157 shares in the last quarter. Beacon Capital Management LLC boosted its position in shares of Corteva by 13.4% during the fourth quarter. Beacon Capital Management LLC now owns 1,341 shares of the company's stock valued at $76,000 after buying an additional 158 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Corteva by 3.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,514 shares of the company's stock worth $257,000 after buying an additional 160 shares in the last quarter. Finally, Roble Belko & Company Inc raised its position in Corteva by 5.5% in the 4th quarter. Roble Belko & Company Inc now owns 3,166 shares of the company's stock worth $180,000 after buying an additional 166 shares during the last quarter. Institutional investors own 81.54% of the company's stock.

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Analysts Set New Price Targets

CTVA has been the topic of several research reports. Bank of America raised their target price on shares of Corteva from $69.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Barclays lifted their price objective on Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. BNP Paribas raised Corteva to a "hold" rating in a report on Monday, February 10th. UBS Group cut their price target on Corteva from $74.00 to $73.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Oppenheimer increased their price objective on shares of Corteva from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Corteva currently has an average rating of "Moderate Buy" and an average price target of $68.06.

Corteva Price Performance

NYSE:CTVA traded up $1.33 on Friday, reaching $59.27. 3,067,223 shares of the company's stock traded hands, compared to its average volume of 3,304,515. The stock has a 50-day simple moving average of $61.27 and a 200-day simple moving average of $60.25. Corteva, Inc. has a 12 month low of $50.01 and a 12 month high of $66.24. The firm has a market cap of $40.48 billion, a PE ratio of 45.95, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 0.08.

Corteva (NYSE:CTVA - Get Free Report) last issued 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%. Equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

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

Insider Buying and Selling at Corteva

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