GE HealthCare Technologies Inc. $GEHC Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank increased its shares in GE HealthCare Technologies Inc. by 6.6%, bringing its total to 111,923 shares valued at approximately $8.29 million.
• Several institutional investors are actively buying shares, with hedge funds owning 82.06% of the company's stock, reflecting strong market interest.
• Analysts have issued a mix of ratings for GE HealthCare, with an average rating of "Moderate Buy" and a target price of $88.40, indicating positive sentiment towards the stock's performance.

Czech National Bank lifted its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,923 shares of the company's stock after acquiring an additional 6,889 shares during the quarter. Czech National Bank's holdings in GE HealthCare Technologies were worth $8,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Breakwater Capital Group acquired a new stake in shares of GE HealthCare Technologies in the first quarter worth $210,000. Bessemer Group Inc. increased its stake in shares of GE HealthCare Technologies by 24.3% in the first quarter. Bessemer Group Inc. now owns 6,671 shares of the company's stock worth $538,000 after acquiring an additional 1,306 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of GE HealthCare Technologies by 17.4% in the first quarter. Flagship Harbor Advisors LLC now owns 3,443 shares of the company's stock worth $278,000 after acquiring an additional 511 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of GE HealthCare Technologies by 23.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 50,859 shares of the company's stock worth $4,105,000 after acquiring an additional 9,769 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of GE HealthCare Technologies by 52.7% in the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the company's stock worth $357,000 after acquiring an additional 1,550 shares during the period. Institutional investors and hedge funds own 82.06% of the company's stock.

Analysts Set New Price Targets

GEHC has been the topic of a number of research reports. BTIG Research reiterated a "buy" rating on shares of GE HealthCare Technologies in a research note on Monday, July 14th. Morgan Stanley set a $74.00 price target on shares of GE HealthCare Technologies in a report on Thursday. Zacks Research raised shares of GE HealthCare Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Wall Street Zen downgraded shares of GE HealthCare Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Citigroup increased their price target on shares of GE HealthCare Technologies from $89.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.40.

GE HealthCare Technologies Trading Up 1.2%

GE HealthCare Technologies stock traded up $0.91 during midday trading on Friday, hitting $74.91. 6,294,083 shares of the stock were exchanged, compared to its average volume of 3,137,968. GE HealthCare Technologies Inc. has a fifty-two week low of $57.65 and a fifty-two week high of $94.80. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.86 and a beta of 1.13. The stock's 50-day simple moving average is $74.53 and its 200 day simple moving average is $73.19. The company has a current ratio of 1.16, a quick ratio of 0.93 and a debt-to-equity ratio of 0.85.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.15. GE HealthCare Technologies had a net margin of 11.22% and a return on equity of 23.93%. The firm had revenue of $5 billion during the quarter, compared to analysts' expectations of $4.96 billion. During the same period last year, the business earned $1.00 earnings per share. GE HealthCare Technologies's revenue was up 3.5% compared to the same quarter last year. GE HealthCare Technologies has set its FY 2025 guidance at 4.430-4.630 EPS. On average, equities analysts anticipate that GE HealthCare Technologies Inc. will post 4.68 EPS for the current year.

GE HealthCare Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, July 25th. GE HealthCare Technologies's dividend payout ratio (DPR) is presently 2.87%.

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.