Donaldson Capital Management LLC Increases Stock Holdings in GE Aerospace (NYSE:GE)

Donaldson Capital Management LLC lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 909.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,377 shares of the company's stock after buying an additional 16,556 shares during the quarter. Donaldson Capital Management LLC's holdings in GE Aerospace were worth $3,678,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Curbstone Financial Management Corp acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $863,000. CX Institutional raised its stake in shares of GE Aerospace by 317.9% during the 1st quarter. CX Institutional now owns 33,821 shares of the company's stock worth $6,769,000 after buying an additional 25,727 shares during the period. Integrated Advisors Network LLC raised its stake in GE Aerospace by 17.9% in the 1st quarter. Integrated Advisors Network LLC now owns 6,871 shares of the company's stock valued at $1,375,000 after purchasing an additional 1,041 shares during the last quarter. Trueblood Wealth Management LLC acquired a new position in GE Aerospace in the 1st quarter valued at $234,000. Finally, Petredis Investment Advisors LLC raised its stake in GE Aerospace by 1.3% in the 1st quarter. Petredis Investment Advisors LLC now owns 53,952 shares of the company's stock valued at $10,798,000 after purchasing an additional 684 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on GE. Citigroup reduced their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Royal Bank of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Finally, UBS Group increased their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $221.15.

GE Aerospace Trading Down 1.6%

Shares of NYSE GE traded down $3.92 during mid-day trading on Friday, reaching $236.07. 7,408,374 shares of the company's stock were exchanged, compared to its average volume of 5,424,079. The firm has a market capitalization of $251.74 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.47. The company's 50-day moving average is $216.42 and its 200-day moving average is $198.36.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.