Lincluden Management Ltd. Has $3.39 Million Stock Holdings in Corning Incorporated $GLW

Lincluden Management Ltd. lessened its position in Corning Incorporated (NYSE:GLW) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,379 shares of the electronics maker’s stock after selling 756 shares during the quarter. Lincluden Management Ltd.’s holdings in Corning were worth $3,386,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLW. Amundi raised its position in Corning by 64.3% in the 1st quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock valued at $271,237,000 after buying an additional 2,507,797 shares during the last quarter. Nuveen LLC acquired a new stake in Corning in the 1st quarter valued at approximately $104,789,000. Kingstone Capital Partners Texas LLC acquired a new stake in Corning in the 2nd quarter valued at approximately $92,560,000. Robeco Institutional Asset Management B.V. raised its position in Corning by 185.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock valued at $94,736,000 after buying an additional 1,170,992 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Corning by 37.1% in the 1st quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock valued at $175,603,000 after buying an additional 1,037,875 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GLW. Oppenheimer reissued an “outperform” rating and issued a $72.00 target price (up previously from $55.00) on shares of Corning in a research report on Wednesday, July 30th. Morgan Stanley boosted their price target on Corning from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corning in a research report on Wednesday. Wolfe Research started coverage on Corning in a research report on Tuesday, July 8th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average price target of $73.00.

Corning Stock Performance

GLW opened at $83.00 on Friday. The business has a fifty day simple moving average of $73.19 and a 200 day simple moving average of $57.25. The company has a market capitalization of $71.10 billion, a PE ratio of 88.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $87.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s dividend payout ratio is currently 119.15%.

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 82,103 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the completion of the sale, the chief executive officer directly owned 809,295 shares in the company, valued at $52,757,941.05. This represents a 9.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael Paul O’day sold 14,879 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total value of $927,854.44. Following the sale, the senior vice president owned 35,743 shares of the company’s stock, valued at approximately $2,228,933.48. This represents a 29.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 181,671 shares of company stock worth $11,816,899 over the last quarter. 0.40% of the stock is currently owned by company insiders.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.