Dynamic Technology Lab Private Ltd Makes New Investment in GE HealthCare Technologies Inc. $GEHC

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in GE HealthCare Technologies, purchasing 16,468 shares valued at approximately $1.33 million.
• The company recently announced a quarterly dividend of $0.035 per share, resulting in an annual yield of 0.2%.
• Equities research analysts have varying ratings on GE HealthCare Technologies, with one upgrade to strong buy and a consensus price target of $88.55.

Dynamic Technology Lab Private Ltd bought a new position in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,468 shares of the company's stock, valued at approximately $1,329,000.

Several other hedge funds also recently bought and sold shares of the company. Knuff & Co LLC raised its holdings in GE HealthCare Technologies by 1.5% in the first quarter. Knuff & Co LLC now owns 10,276 shares of the company's stock worth $829,000 after purchasing an additional 150 shares during the period. Graypoint LLC raised its holdings in GE HealthCare Technologies by 5.7% in the first quarter. Graypoint LLC now owns 3,028 shares of the company's stock worth $244,000 after purchasing an additional 162 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in GE HealthCare Technologies by 3.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 5,336 shares of the company's stock worth $431,000 after purchasing an additional 166 shares during the period. Spire Wealth Management raised its holdings in GE HealthCare Technologies by 5.2% in the first quarter. Spire Wealth Management now owns 3,367 shares of the company's stock worth $272,000 after purchasing an additional 166 shares during the period. Finally, Freestone Capital Holdings LLC raised its holdings in GE HealthCare Technologies by 5.1% in the first quarter. Freestone Capital Holdings LLC now owns 3,454 shares of the company's stock worth $279,000 after purchasing an additional 169 shares during the period. 82.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GEHC has been the topic of a number of research analyst reports. Citigroup raised their price objective 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. Zacks Research upgraded shares of GE HealthCare Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Morgan Stanley dropped their price objective on shares of GE HealthCare Technologies from $78.00 to $74.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Wall Street Zen upgraded shares of GE HealthCare Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Finally, BTIG Research reiterated a "buy" rating on shares of GE HealthCare Technologies in a research note on Monday, July 14th. One research 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's stock. According to MarketBeat, GE HealthCare Technologies has a consensus rating of "Moderate Buy" and an average price target of $88.40.

GE HealthCare Technologies Stock Down 1.6%

Shares of GE HealthCare Technologies stock traded down $1.24 during trading hours on Friday, reaching $76.72. The company's stock had a trading volume of 2,459,035 shares, compared to its average volume of 3,962,612. GE HealthCare Technologies Inc. has a one year low of $57.65 and a one year high of $94.80. The company has a market capitalization of $35.03 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.90 and a beta of 1.13. The stock's fifty day simple moving average is $74.45 and its two-hundred day simple moving average is $73.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.16.

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 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 business had revenue of $5 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The firm's revenue for the quarter 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, research analysts forecast that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Announces Dividend

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