Hohimer Wealth Management LLC increased its position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 49.0% in the 3rd quarter, Holdings Channel reports. The firm owned 66,009 shares of the company’s stock after purchasing an additional 21,700 shares during the period. Hohimer Wealth Management LLC’s holdings in GE HealthCare Technologies were worth $4,315,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its stake in shares of GE HealthCare Technologies by 1.9% in the third quarter. Chicago Partners Investment Group LLC now owns 7,246 shares of the company’s stock worth $518,000 after buying an additional 133 shares in the last quarter. Carnegie Investment Counsel grew its stake in GE HealthCare Technologies by 2.0% during the 3rd quarter. Carnegie Investment Counsel now owns 7,678 shares of the company’s stock valued at $502,000 after acquiring an additional 151 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in GE HealthCare Technologies by 3.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,850 shares of the company’s stock valued at $317,000 after acquiring an additional 163 shares during the last quarter. Yousif Capital Management LLC raised its holdings in GE HealthCare Technologies by 0.4% in the 3rd quarter. Yousif Capital Management LLC now owns 46,991 shares of the company’s stock valued at $3,072,000 after acquiring an additional 167 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in GE HealthCare Technologies by 3.6% in the 3rd quarter. Sigma Planning Corp now owns 5,152 shares of the company’s stock valued at $337,000 after acquiring an additional 178 shares during the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GEHC has been the topic of several recent research reports. Bank of America restated a “neutral” rating on shares of GE HealthCare Technologies in a report on Thursday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $93.00 price target on shares of GE HealthCare Technologies in a report on Monday, October 5th. Hovde Group started coverage on GE HealthCare Technologies in a research report on Friday, July 17th. They set a “market perform” rating and a $14.00 price objective on the stock. Zacks Research upgraded GE HealthCare Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, BTIG Research boosted their price objective on GE HealthCare Technologies from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE HealthCare Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $80.87.
View Our Latest Research Report on GE HealthCare Technologies
GE HealthCare Technologies Price Performance
GE HealthCare Technologies stock opened at $82.38 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $69.32 and a 200 day moving average price of $70.05. GE HealthCare Technologies Inc. has a 12-month low of $58.75 and a 12-month high of $89.77. The stock has a market cap of $37.25 billion, a P/E ratio of 17.38, a PEG ratio of 2.07 and a beta of 0.64.
GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.14. GE HealthCare Technologies had a net margin of 9.96% and a return on equity of 20.45%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the business posted $1.07 EPS. GE HealthCare Technologies’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that GE HealthCare Technologies Inc. will post 5.02 earnings per share for the current year.
GE HealthCare Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 23rd. This is a boost from GE HealthCare Technologies’s previous quarterly dividend of $0.0350. GE HealthCare Technologies’s dividend payout ratio is presently 3.38%.
GE HealthCare Technologies Profile
GE HealthCare Technologies Inc is a global medical technology company that develops and provides equipment, software and services for healthcare providers. Its offerings support medical imaging, diagnosis, patient monitoring and treatment across a range of clinical settings.
The company’s products include magnetic resonance imaging, computed tomography, molecular imaging and ultrasound systems, as well as patient monitoring and care solutions. Its Pharmaceutical Diagnostics business supplies contrast agents and radiopharmaceuticals used in medical imaging.
GE HealthCare became an independent publicly traded company in January 2023 through its separation from General Electric.
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