Great Lakes Retirement Inc. Takes $2.25 Million Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Great Lakes Retirement Inc. purchased a new position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,810 shares of the company’s stock, valued at approximately $2,252,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kentucky Trust Co acquired a new stake in shares of GE HealthCare Technologies during the fourth quarter worth $41,000. Beacon Financial Group bought a new stake in GE HealthCare Technologies in the 4th quarter valued at about $460,000. Leavell Investment Management Inc. grew its position in GE HealthCare Technologies by 19.4% in the 4th quarter. Leavell Investment Management Inc. now owns 32,653 shares of the company’s stock worth $2,553,000 after purchasing an additional 5,297 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of GE HealthCare Technologies by 9.5% during the fourth quarter. Essex Financial Services Inc. now owns 8,818 shares of the company’s stock valued at $689,000 after buying an additional 766 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its position in GE HealthCare Technologies by 21.2% in the 4th quarter. Summit Trail Advisors LLC now owns 5,934 shares of the company’s stock valued at $464,000 after acquiring an additional 1,036 shares during the period. 82.06% of the stock is owned by institutional investors.

GE HealthCare Technologies Trading Down 0.5 %

NASDAQ GEHC opened at $87.03 on Wednesday. The firm’s 50 day moving average price is $83.52 and its two-hundred day moving average price is $85.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.98 and a current ratio of 1.23. GE HealthCare Technologies Inc. has a twelve month low of $74.51 and a twelve month high of $94.55. The stock has a market cap of $39.76 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.93 and a beta of 1.15.

GE HealthCare Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 14th will be paid a $0.035 dividend. This is an increase from GE HealthCare Technologies’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.16%. The ex-dividend date is Tuesday, January 14th. GE HealthCare Technologies’s dividend payout ratio is currently 3.85%.

Analyst Upgrades and Downgrades

GEHC has been the topic of a number of research analyst reports. Jefferies Financial Group raised GE HealthCare Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $95.00 to $103.00 in a report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on GE HealthCare Technologies from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.00.

About GE HealthCare Technologies

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.