DSM Capital Partners LLC Acquires 374,066 Shares of GE Aerospace (NYSE:GE)

Key Points

• DSM Capital Partners LLC increased its stake in GE Aerospace by 156.1% during the 1st quarter, owning a total of 613,698 shares now valued at approximately $122.8 million.
• In its latest earnings report, GE Aerospace reported $1.66 EPS, surpassing estimates, with a net margin of 18.64% and revenue of $10.15 billion, reflecting a 21.2% increase year-over-year.
• The company recently announced a quarterly dividend of $0.36 per share, yielding approximately 0.5% annualized, with a dividend payout ratio of 20.08%.

DSM Capital Partners LLC increased its stake in GE Aerospace (NYSE:GE - Free Report) by 156.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 613,698 shares of the company's stock after acquiring an additional 374,066 shares during the period. GE Aerospace comprises approximately 2.1% of DSM Capital Partners LLC's portfolio, making the stock its 15th largest position. DSM Capital Partners LLC owned about 0.06% of GE Aerospace worth $122,832,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Putney Financial Group LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management boosted its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the period. First Pacific Financial boosted its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace during the first quarter valued at about $33,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.4%

Shares of GE Aerospace stock traded up $1.00 during trading on Thursday, reaching $269.86. 4,476,768 shares of the stock were exchanged, compared to its average volume of 5,276,676. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The stock's fifty day moving average is $257.20 and its 200 day moving average is $223.67. The firm has a market cap of $286.17 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 2.89 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business posted $1.20 earnings per share. GE Aerospace's quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company upped their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Company Profile

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.