DSM Capital Partners LLC Sells 43,179 Shares of GE Aerospace $GE

Key Points

• DSM Capital Partners LLC reduced its stake in GE Aerospace by 7.0%, selling 43,179 shares and leaving it with a total of 570,519 shares worth approximately $146.8 million.
• GE Aerospace's latest earnings surpassed expectations, reporting $1.66 earnings per share (EPS) and a revenue of $10.15 billion, marking a year-over-year increase of 21.2%.
• The company has announced a quarterly dividend of $0.36 per share, representing an annualized yield of 0.5% for shareholders of record as of September 29th.

DSM Capital Partners LLC lowered its position in GE Aerospace (NYSE:GE - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 570,519 shares of the company's stock after selling 43,179 shares during the period. GE Aerospace accounts for about 2.2% of DSM Capital Partners LLC's holdings, making the stock its 14th biggest position. DSM Capital Partners LLC owned approximately 0.05% of GE Aerospace worth $146,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management lifted its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace in the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace in the first quarter valued at approximately $30,000. Finally, First Pacific Financial lifted its holdings in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $291.96 on Friday. The business's fifty day simple moving average is $283.44 and its 200 day simple moving average is $247.10. The firm has a market capitalization of $309.61 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $1.20 earnings per share. The business's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research lowered GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $251.31.

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.

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