Lanark Financial 13F: Adds $2.3M to Corning (GLW) Stake
Key Points
- Lanark Financial's recent filing shows it now holds 40,773 shares of Corning, up from 25,893 shares, reflecting a 57.5% increase.
- Corning's stock recently traded around $127.77, which is about equal to its closing price of $127.74 on the filing date.
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On October 26, 2026, Lanark Financial boosted its stake in Corning Incorporated (GLW) by 14,880 shares, increasing its total to 40,773 shares valued at approximately $6.27 million. This information comes from the fund's latest Form 13F filing with the SEC, covering the quarter that ended on September 30, 2026.
GLW
Corning Incorporated
What Changed in Lanark Financial's Corning Position
Lanark Financial's position in Corning grew from 25,893 shares to 40,773 shares, which is a 57.5% increase. The total reported value of this position is now about $6.27 million. Corning's stock closed at $127.74 on the filing date.
Where Corning Fits in Lanark Financial's Portfolio
Corning now represents 2.29% of Lanark's reported 13F portfolio, ranking 13th among the fund's holdings.
Corning Incorporated Stock Up 3.3%
Corning's stock recently traded around $127.77, which is about equal to its closing price of $127.74 on October 26, 2026. The shares are currently trading significantly below their 52-week high of $271.78, indicating that the stock may have room for recovery.
Recent Earnings
Corning reported trailing twelve-month revenue of approximately $16.96 billion, with an earnings per share (EPS) of $2.18. The next earnings report is expected on October 30, 2026.
Dividend
Corning pays an annual dividend of $1.12 per share, resulting in a dividend yield of 0.88%. The company's dividend payout ratio stands at 51.4%.
Insider Buying and Selling at Corning Incorporated
Several insiders have sold shares recently. Jaymin Amin, the Chief Technology Officer, sold 27,395 shares at an average price of $192.14 on May 22, 2026. CEO Wendell P. Weeks sold 100,000 shares at $186.46 on June 9, 2026. Additionally, Lewis A. Steverson and Michelle L. Gullo, both officers, sold 13,100 shares and 9,874 shares respectively in August and September 2026.
Analysts Set New Price Targets
On September 15, 2026, Mizuho maintained an Outperform rating on Corning with a price target of $180. Bernstein initiated a Market Perform rating with a target of $140 on September 30, 2026. Truist Securities maintained a Buy rating with a target of $182 on October 2, 2026.
About Corning Inc.
Corning Incorporated operates in various sectors, including optical communications, display technologies, and life sciences. The company is headquartered in Corning, New York, and has a global presence, making it a key player in the technology sector.
Bottom Line
Investors should monitor Corning's upcoming earnings report on October 30, 2026, for insights into its performance. Additionally, watch for any further changes in insider trading activity and how it may affect the stock's outlook.
Related Filing Alerts
Source: Lanark Financial's 13F filing on $GLW (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts