Boston Trust Walden Corp Decreases Stake in Baker Hughes Company (NASDAQ:BKR)

Boston Trust Walden Corp decreased its position in Baker Hughes Company (NASDAQ:BKR - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,685 shares of the company's stock after selling 21,280 shares during the period. Boston Trust Walden Corp's holdings in Baker Hughes were worth $18,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKR. Premier Path Wealth Partners LLC grew its position in Baker Hughes by 6.9% during the 1st quarter. Premier Path Wealth Partners LLC now owns 6,315 shares of the company's stock worth $278,000 after purchasing an additional 406 shares during the period. Friedenthal Financial acquired a new stake in shares of Baker Hughes during the 1st quarter valued at about $963,000. Johnson Investment Counsel Inc. acquired a new stake in shares of Baker Hughes during the 1st quarter valued at about $360,000. State of Alaska Department of Revenue grew its position in shares of Baker Hughes by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 115,982 shares of the company's stock valued at $5,097,000 after acquiring an additional 3,165 shares during the period. Finally, Clarius Group LLC grew its position in shares of Baker Hughes by 31.0% during the 1st quarter. Clarius Group LLC now owns 10,212 shares of the company's stock valued at $449,000 after acquiring an additional 2,415 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

BKR traded down $1.17 on Monday, hitting $37.83. 8,616,381 shares of the company were exchanged, compared to its average volume of 7,105,543. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 1.34. The firm has a market capitalization of $37.48 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 4.15 and a beta of 0.91. The business's fifty day moving average is $37.52 and its 200 day moving average is $41.19.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. As a group, sell-side analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's dividend payout ratio is presently 31.40%.

Analysts Set New Price Targets

BKR has been the subject of a number of research reports. Citigroup dropped their target price on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the stock a "buy" rating in a report on Thursday, April 24th. Royal Bank Of Canada decreased their target price on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Barclays decreased their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler decreased their target price on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.