Robeco Institutional Asset Management B.V. Has $10.14 Million Position in Corteva, Inc. (NYSE:CTVA)

Robeco Institutional Asset Management B.V. decreased its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 12.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,531 shares of the company's stock after selling 25,528 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Corteva were worth $10,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Corteva by 2.6% in the 1st quarter. Capital International Investors now owns 26,437,457 shares of the company's stock valued at $1,524,648,000 after acquiring an additional 678,722 shares in the last quarter. Van ECK Associates Corp increased its holdings in Corteva by 2.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,902,675 shares of the company's stock valued at $541,194,000 after buying an additional 213,872 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Corteva by 28.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,842,907 shares of the company's stock valued at $369,106,000 after buying an additional 1,514,954 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Corteva by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 6,741,972 shares of the company's stock worth $363,662,000 after acquiring an additional 61,127 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Corteva by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,649,450 shares of the company's stock valued at $250,786,000 after acquiring an additional 224,423 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CTVA shares. Morgan Stanley reaffirmed an "overweight" rating and set a $65.00 price objective on shares of Corteva in a report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price target on Corteva from $57.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. UBS Group boosted their target price on shares of Corteva from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Corteva from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Finally, KeyCorp decreased their price objective on shares of Corteva from $66.00 to $62.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Corteva presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.47.

Corteva Trading Down 0.3 %

NYSE:CTVA traded down $0.20 during mid-day trading on Friday, hitting $58.44. The company had a trading volume of 2,945,221 shares, compared to its average volume of 3,260,191. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.72. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $63.75. The firm has a market cap of $40.46 billion, a P/E ratio of 45.02, a P/E/G ratio of 1.76 and a beta of 0.77. The business's fifty day moving average is $58.14 and its two-hundred day moving average is $55.55.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.69 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. As a group, research analysts expect that Corteva, Inc. will post 2.66 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 annualized dividend and a yield of 1.16%. Corteva's dividend payout ratio (DPR) is currently 52.31%.

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.