CW Advisors LLC Grows Stake in GE HealthCare Technologies Inc. $GEHC

Key Points

• CW Advisors LLC increased its stake in GE HealthCare Technologies by 171.4% in Q1, acquiring an additional 6,158 shares, leading to total holdings worth approximately $790,000.
• GE HealthCare Technologies reported Q2 earnings of $1.06 per share, exceeding expectations and reflecting a 3.5% year-over-year revenue increase to $5 billion.
• The company announced a quarterly dividend of $0.035 and has initiated a $1 billion share repurchase program, indicating confidence in its stock valuation.

CW Advisors LLC grew its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 171.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,750 shares of the company's stock after buying an additional 6,158 shares during the quarter. CW Advisors LLC's holdings in GE HealthCare Technologies were worth $790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MML Investors Services LLC raised its position in shares of GE HealthCare Technologies by 9.8% in the 4th quarter. MML Investors Services LLC now owns 24,899 shares of the company's stock worth $1,947,000 after acquiring an additional 2,215 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of GE HealthCare Technologies by 0.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 17,173 shares of the company's stock worth $1,343,000 after acquiring an additional 126 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of GE HealthCare Technologies by 4.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 10,021 shares of the company's stock worth $783,000 after acquiring an additional 457 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of GE HealthCare Technologies in the 4th quarter worth approximately $230,000. Finally, Public Employees Retirement Association of Colorado raised its position in shares of GE HealthCare Technologies by 0.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 59,294 shares of the company's stock worth $4,636,000 after acquiring an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GEHC shares. Wall Street Zen raised GE HealthCare Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Morgan Stanley reduced their price objective on GE HealthCare Technologies from $78.00 to $74.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. BTIG Research reaffirmed a "buy" rating on shares of GE HealthCare Technologies in a research report on Monday, July 14th. Evercore ISI reduced their price objective on GE HealthCare Technologies from $96.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their price objective on GE HealthCare Technologies from $94.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, GE HealthCare Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $88.55.

GE HealthCare Technologies Stock Performance

NASDAQ:GEHC opened at $74.09 on Wednesday. The stock has a 50-day simple moving average of $74.10 and a two-hundred day simple moving average of $74.95. GE HealthCare Technologies Inc. has a 52-week low of $57.65 and a 52-week high of $94.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.16. The firm has a market capitalization of $33.83 billion, a PE ratio of 15.18, a P/E/G ratio of 2.85 and a beta of 1.13.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.15. GE HealthCare Technologies had a return on equity of 23.93% and a net margin of 11.22%.The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. GE HealthCare Technologies's revenue for the quarter was up 3.5% on a year-over-year basis. GE HealthCare Technologies has set its FY 2025 guidance at 4.430-4.630 EPS. Analysts forecast that GE HealthCare Technologies Inc. will post 4.68 EPS for the current year.

GE HealthCare Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.2%. GE HealthCare Technologies's dividend payout ratio is 2.87%.

GE HealthCare Technologies declared that its board has authorized a share repurchase program on Wednesday, April 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.

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