IFM Investors Pty Ltd Increases Stock Holdings in Baker Hughes Company (NASDAQ:BKR)

IFM Investors Pty Ltd increased its position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,720 shares of the company's stock after acquiring an additional 30,633 shares during the period. IFM Investors Pty Ltd's holdings in Baker Hughes were worth $11,854,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BKR. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the 4th quarter worth about $30,000. Larson Financial Group LLC lifted its stake in Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after acquiring an additional 604 shares in the last quarter. Grove Bank & Trust lifted its stake in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after acquiring an additional 465 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BKR. The Goldman Sachs Group decreased their target price on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Morgan Stanley reduced their price target on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Evercore ISI reduced their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Barclays reduced their price target on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $48.50.

Baker Hughes Stock Down 1.4%

Shares of NASDAQ BKR traded down $0.55 during midday trading on Monday, hitting $39.09. 5,336,324 shares of the company's stock were exchanged, compared to its average volume of 7,162,483. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93. Baker Hughes Company has a twelve month low of $32.25 and a twelve month high of $49.40. The company has a market cap of $38.73 billion, a PE ratio of 13.34, a P/E/G ratio of 4.27 and a beta of 0.91. The firm's fifty day simple moving average is $37.76 and its 200-day simple moving average is $41.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. Research analysts predict that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.35%. Baker Hughes's dividend payout ratio is presently 31.40%.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.