Russell Investments Group Ltd. Grows Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Russell Investments Group Ltd. increased its stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 46.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 461,284 shares of the company’s stock after purchasing an additional 146,275 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of GE HealthCare Technologies worth $36,076,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GEHC. Benjamin Edwards Inc. acquired a new position in GE HealthCare Technologies in the 3rd quarter valued at about $364,000. Janus Henderson Group PLC boosted its stake in shares of GE HealthCare Technologies by 4.7% in the third quarter. Janus Henderson Group PLC now owns 51,579 shares of the company’s stock valued at $4,840,000 after purchasing an additional 2,300 shares during the period. Morse Asset Management Inc purchased a new stake in GE HealthCare Technologies during the 3rd quarter worth approximately $613,000. Quantinno Capital Management LP lifted its holdings in GE HealthCare Technologies by 26.1% during the 3rd quarter. Quantinno Capital Management LP now owns 28,661 shares of the company’s stock worth $2,690,000 after buying an additional 5,926 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in GE HealthCare Technologies by 17.5% in the 3rd quarter. Stifel Financial Corp now owns 262,924 shares of the company’s stock valued at $24,676,000 after buying an additional 39,094 shares during the period. Institutional investors and hedge funds own 82.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GEHC. The Goldman Sachs Group raised GE HealthCare Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $100.00 in a research report on Tuesday, March 11th. Citigroup increased their price target on GE HealthCare Technologies from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised GE HealthCare Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $103.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their target price on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.73.

GE HealthCare Technologies Stock Up 0.8 %

Shares of NASDAQ:GEHC opened at $60.99 on Tuesday. The firm has a 50 day simple moving average of $84.85 and a 200-day simple moving average of $85.20. GE HealthCare Technologies Inc. has a twelve month low of $58.04 and a twelve month high of $94.80. The company has a current ratio of 1.04, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $27.89 billion, a PE ratio of 14.09, a P/E/G ratio of 3.19 and a beta of 1.14.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.19. GE HealthCare Technologies had a net margin of 10.13% and a return on equity of 25.74%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.33 billion. On average, equities analysts predict that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, April 25th. GE HealthCare Technologies’s dividend payout ratio (DPR) is 3.23%.

GE HealthCare Technologies Profile

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.