Harbour Investments Inc. Buys 225 Shares of Corteva, Inc. (NYSE:CTVA)

Harbour Investments Inc. lifted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,790 shares of the company’s stock after purchasing an additional 225 shares during the quarter. Harbour Investments Inc.’s holdings in Corteva were worth $102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in shares of Corteva during the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new position in Corteva in the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in Corteva in the 4th quarter worth about $32,000. Centricity Wealth Management LLC bought a new position in Corteva in the 4th quarter worth about $34,000. Finally, First Financial Corp IN bought a new position in Corteva in the 4th quarter worth about $35,000. 81.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Brian Titus sold 26,560 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 11,347 shares of the company’s stock, valued at approximately $723,257.78. This represents a 70.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CTVA. Barclays upped their target price on Corteva from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group cut their price objective on Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group assumed coverage on Corteva in a report on Thursday, March 13th. They issued a “buy” rating and a $71.00 price objective for the company. Wells Fargo & Company upped their price objective on Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on Corteva from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.00.

Corteva Trading Down 0.2 %

NYSE CTVA opened at $61.70 on Monday. 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 stock has a 50 day simple moving average of $62.44 and a two-hundred day simple moving average of $59.90. The stock has a market cap of $42.30 billion, a P/E ratio of 47.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79.

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

Corteva Announces Dividend

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

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.