IFM Investors Pty Ltd Grows Position in Baker Hughes Company $BKR

Key Points

• IFM Investors Pty Ltd increased its stake in Baker Hughes by 6.6%, owning 223,662 shares valued at $8.58 million after acquiring an additional 13,803 shares during the second quarter.
• CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock, significantly reducing his ownership by 44.10% to 667,593 shares.
• Analysts have mixed sentiments about Baker Hughes; with a consensus rating of "Moderate Buy" and target prices ranging from $52.00 to $55.00, while some downgraded the stock's rating from "strong-buy" to "hold".

IFM Investors Pty Ltd boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,662 shares of the company's stock after acquiring an additional 13,803 shares during the quarter. IFM Investors Pty Ltd's holdings in Baker Hughes were worth $8,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC lifted its holdings in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after buying an additional 604 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $30,000. Grove Bank & Trust lifted its holdings in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after buying an additional 320 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after buying an additional 465 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Price Performance

BKR stock traded up $1.74 during midday trading on Tuesday, hitting $49.41. 4,350,633 shares of the stock were exchanged, compared to its average volume of 7,566,047. The stock's 50-day moving average price is $44.27 and its 200-day moving average price is $40.79. The stock has a market cap of $48.71 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.15 and a beta of 1.01. Baker Hughes Company has a fifty-two week low of $33.60 and a fifty-two week high of $50.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.Baker Hughes's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a yield of 1.9%. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Analyst Ratings Changes

BKR has been the subject of several recent analyst reports. TD Cowen raised their price target on Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Susquehanna raised their price target on Baker Hughes from $46.00 to $52.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Seaport Res Ptn cut Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a report on Wednesday, July 30th. Finally, Capital One Financial lifted their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and an average target price of $52.32.

Insiders Place Their Bets

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the transaction, the chief executive officer owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company's stock.

About Baker Hughes

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.