5 Best Materials Stocks to Buy After Fed’s Latest Rate Hike

3. Corteva, Inc. (NYSE:CTVA)

Number of Hedge Fund Holders: 42

Corteva, Inc. (NYSE:CTVA) is a materials company operating in the agriculture business. The company is based in Indianapolis, Indiana.

Deutsche Bank’s David Begleiter holds a Buy rating on Corteva, Inc. (NYSE:CTVA) shares as of September 15. The analyst also raised his price target on the stock from $68 to $75.

This September, Corteva, Inc. (NYSE:CTVA) announced a new share repurchase program worth $2 billion. This is in addition to the company’s existing $1.5 billion share repurchase program. Over the next three to five years, Corteva, Inc.’s (NYSE:CTVA) EPS is expected to grow by 18.26%, and its dividend yield is 1.03%.

Out of 895 hedge funds tracked in the second quarter, 42 funds were long Corteva, Inc. (NYSE:CTVA). Their total stake value was $966 million.