Hilltop National Bank Takes Position in GE HealthCare Technologies Inc. $GEHC

Hilltop National Bank acquired a new stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,473 shares of the company's stock, valued at approximately $1,442,000.

Other hedge funds also recently made changes to their positions in the company. Breakwater Capital Group bought a new position in GE HealthCare Technologies in the 1st quarter valued at about $210,000. Bessemer Group Inc. grew its position 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 valued at $538,000 after purchasing an additional 1,306 shares during the last quarter. Flagship Harbor Advisors LLC grew its position 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 valued at $278,000 after purchasing an additional 511 shares during the last quarter. Lineweaver Wealth Advisors LLC acquired a new position in shares of GE HealthCare Technologies in the second quarter valued at approximately $592,000. Finally, Wealth Enhancement Advisory Services LLC grew its position 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 valued at $4,105,000 after purchasing an additional 9,769 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GEHC. Morgan Stanley set a $74.00 target price on GE HealthCare Technologies in a research report on Thursday, September 18th. Wall Street Zen downgraded GE HealthCare Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Zacks Research downgraded GE HealthCare Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday. BTIG Research reaffirmed a "buy" rating on shares of GE HealthCare Technologies in a research report on Monday, July 14th. Finally, Citigroup upped their target price on GE HealthCare Technologies from $89.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.89.

GE HealthCare Technologies Trading Up 1.7%

Shares of NASDAQ:GEHC opened at $76.82 on Friday. The company has a market capitalization of $35.07 billion, a P/E ratio of 15.74, a P/E/G ratio of 2.89 and a beta of 1.13. GE HealthCare Technologies Inc. has a 1 year low of $57.65 and a 1 year high of $94.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.16 and a quick ratio of 0.93. The business's 50 day simple moving average is $74.27 and its 200 day simple moving average is $72.65.

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

GE HealthCare Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.14 dividend on an annualized basis and a yield of 0.2%. GE HealthCare Technologies's dividend 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.

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