Sound Shore Management Inc. CT raised its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 17.2% during the 1st quarter, HoldingsChannel reports. The fund owned 1,192,741 shares of the company’s stock after purchasing an additional 174,853 shares during the period. GE HealthCare Technologies accounts for approximately 2.8% of Sound Shore Management Inc. CT’s portfolio, making the stock its 9th biggest holding. Sound Shore Management Inc. CT’s holdings in GE HealthCare Technologies were worth $84,899,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of GE HealthCare Technologies in the fourth quarter worth approximately $26,000. Optima Capital LLC purchased a new position in GE HealthCare Technologies during the fourth quarter valued at approximately $27,000. Godfrey Financial Associates Inc. purchased a new position in GE HealthCare Technologies during the fourth quarter valued at approximately $27,000. Montag A & Associates Inc. increased its stake in GE HealthCare Technologies by 105.4% in the 4th quarter. Montag A & Associates Inc. now owns 341 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the period. Finally, Transamerica Financial Advisors LLC increased its stake in GE HealthCare Technologies by 331.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 341 shares of the company’s stock valued at $28,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 82.06% of the company’s stock.
Insider Buying and Selling at GE HealthCare Technologies
In related news, Director Rodney F. Hochman bought 1,618 shares of GE HealthCare Technologies stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $62.03 per share, for a total transaction of $100,364.54. Following the acquisition, the director owned 1,618 shares in the company, valued at $100,364.54. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Peter J. Arduini bought 4,169 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $59.92 per share, with a total value of $249,806.48. Following the transaction, the chief executive officer directly owned 259,424 shares of the company’s stock, valued at approximately $15,544,686.08. This trade represents a 1.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 21,847 shares of company stock worth $1,361,355 in the last 90 days. Company insiders own 0.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on GE HealthCare Technologies
GE HealthCare Technologies Stock Performance
GEHC stock opened at $63.07 on Monday. The firm has a 50 day moving average of $63.64 and a two-hundred day moving average of $71.89. GE HealthCare Technologies Inc. has a 12 month low of $58.75 and a 12 month high of $89.77. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.72 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 1.22 and a debt-to-equity ratio of 0.95.
GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.08). The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.04 billion. GE HealthCare Technologies had a net margin of 9.10% and a return on equity of 20.46%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. GE HealthCare Technologies has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, equities analysts anticipate that GE HealthCare Technologies Inc. will post 4.89 EPS for the current fiscal year.
GE HealthCare Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, July 24th. GE HealthCare Technologies’s dividend payout ratio is 3.35%.
About GE HealthCare Technologies
GE HealthCare Technologies (NASDAQ: GEHC) is a global medical technology and diagnostics company that develops, manufactures and markets a broad range of products and services for healthcare providers. Its portfolio centers on diagnostic imaging systems, including MRI, CT, PET and X-ray modalities, as well as ultrasound equipment. The company also supplies patient monitoring and anesthesia delivery systems, interventional and surgical imaging solutions, and molecular imaging technologies used in both clinical care and research settings.
In addition to hardware, GE HealthCare offers software, analytics and lifecycle services aimed at improving clinical workflows and equipment uptime.
Featured Articles
- Five stocks we like better than GE HealthCare Technologies
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Want to see what other hedge funds are holding GEHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report).
Receive News & Ratings for GE HealthCare Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE HealthCare Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
