IFM Investors Pty Ltd Sells 29,228 Shares of Baker Hughes Company $BKR

Key Points

• IFM Investors Pty Ltd reduced its stake in Baker Hughes Company by 12.2%, selling 29,228 shares and remaining with 209,859 shares valued at approximately $9.2 million.
• Several analysts raised their price targets for Baker Hughes stocks, with TD Cowen setting a target of $54.00 and Morgan Stanley raising it to $55.00, while retaining mostly Buy ratings.
• Baker Hughes recently announced a quarterly dividend of $0.23 per share, yielding 2.0%, and has a dividend payout ratio of 30.07%.

IFM Investors Pty Ltd lowered its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,859 shares of the company's stock after selling 29,228 shares during the quarter. IFM Investors Pty Ltd's holdings in Baker Hughes were worth $9,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BKR. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes during the 1st quarter worth $28,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 buying an additional 604 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes during the 1st quarter worth $30,000. Grove Bank & Trust boosted its holdings in shares of 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 buying an additional 320 shares during the period. Finally, Spire Wealth Management boosted its holdings in shares of 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 buying an additional 465 shares during the period. 92.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BKR shares. Seaport Res Ptn downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. TD Cowen upped their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Morgan Stanley upped their price objective on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Jefferies Financial Group set a $58.00 price objective on shares of Baker Hughes in a report on Wednesday, July 30th. Finally, Susquehanna boosted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.29.

Insider Buying and Selling

In related 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 value of $23,390,150.56. Following the completion of the transaction, the chief executive officer directly owned 667,593 shares of the company's stock, valued at $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Baker Hughes Trading Up 3.2%

Shares of BKR stock opened at $46.92 on Thursday. Baker Hughes Company has a 1 year low of $32.25 and a 1 year high of $49.40. The firm's fifty day simple moving average is $43.12 and its 200 day simple moving average is $40.63. The firm has a market capitalization of $46.26 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.

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

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes's dividend payout ratio (DPR) is 30.07%.

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.

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