Caisse Des Depots ET Consignations Invests $336,000 in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Caisse Des Depots ET Consignations bought a new stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,297 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in shares of GE HealthCare Technologies by 16.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 25,408 shares of the company’s stock valued at $2,385,000 after acquiring an additional 3,602 shares during the period. Cerity Partners LLC raised its stake in shares of GE HealthCare Technologies by 24.2% during the third quarter. Cerity Partners LLC now owns 67,896 shares of the company’s stock worth $6,372,000 after purchasing an additional 13,228 shares during the last quarter. Swedbank AB lifted its holdings in shares of GE HealthCare Technologies by 6.6% during the third quarter. Swedbank AB now owns 72,013 shares of the company’s stock worth $6,758,000 after purchasing an additional 4,490 shares during the period. Centaurus Financial Inc. grew its position in GE HealthCare Technologies by 20.0% in the 3rd quarter. Centaurus Financial Inc. now owns 1,980 shares of the company’s stock valued at $186,000 after buying an additional 330 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in GE HealthCare Technologies by 14.2% in the 3rd quarter. Independent Advisor Alliance now owns 7,472 shares of the company’s stock valued at $701,000 after buying an additional 929 shares during the period. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised GE HealthCare Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $100.00 in a report on Tuesday, March 11th. 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. Finally, Citigroup upped their price objective on GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

GE HealthCare Technologies Price Performance

Shares of NASDAQ:GEHC opened at $81.66 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 1.04. The business’s fifty day moving average price is $86.79 and its two-hundred day moving average price is $85.90. The stock has a market cap of $37.34 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 3.19 and a beta of 1.13. GE HealthCare Technologies Inc. has a one year low of $74.51 and a one year high of $94.80.

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

GE HealthCare Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.17%. GE HealthCare Technologies’s payout ratio is 3.23%.

GE HealthCare Technologies Company 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.