GE HealthCare Technologies Inc. $GEHC Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 39.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,349 shares of the company’s stock after selling 116,880 shares during the period. Intech Investment Management LLC’s holdings in GE HealthCare Technologies were worth $13,136,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of GE HealthCare Technologies in the 1st quarter valued at about $25,000. Allianz SE raised its holdings in GE HealthCare Technologies by 165.2% in the second quarter. Allianz SE now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Gladwyn Financial Advisors Inc. acquired a new stake in GE HealthCare Technologies in the second quarter valued at approximately $34,000. Game Plan Financial Advisors LLC lifted its stake in GE HealthCare Technologies by 295.3% in the second quarter. Game Plan Financial Advisors LLC now owns 502 shares of the company’s stock worth $37,000 after acquiring an additional 375 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in GE HealthCare Technologies during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of GE HealthCare Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wells Fargo & Company dropped their target price on GE HealthCare Technologies from $89.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Morgan Stanley lifted their price target on GE HealthCare Technologies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Wall Street Zen downgraded GE HealthCare Technologies from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of GE HealthCare Technologies in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GE HealthCare Technologies has a consensus rating of “Moderate Buy” and an average target price of $86.10.

GE HealthCare Technologies Stock Down 1.1%

GEHC opened at $73.15 on Friday. GE HealthCare Technologies Inc. has a one year low of $57.65 and a one year high of $94.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.95 and a current ratio of 1.18. The stock has a market capitalization of $33.32 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. The business’s 50-day simple moving average is $75.15 and its 200-day simple moving average is $73.72.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its earnings results on Wednesday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. GE HealthCare Technologies had a return on equity of 22.52% and a net margin of 10.94%.The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. GE HealthCare Technologies has set its FY 2025 guidance at 4.510-4.630 EPS. Analysts anticipate that GE HealthCare Technologies Inc. will post 4.68 EPS for the current year.

GE HealthCare Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were given a dividend of $0.035 per share. The ex-dividend date was Friday, October 24th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.2%. GE HealthCare Technologies’s dividend payout ratio (DPR) is 2.89%.

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.