Johnson Investment Counsel Inc. Raises Stock Holdings in GE Aerospace $GE

Key Points

• Johnson Investment Counsel Inc. increased its holdings in GE Aerospace by 3.3%, owning 76,232 shares valued at approximately $19.62 million after acquiring an additional 2,424 shares in the second quarter.
• GE Aerospace reported $1.66 EPS for the last quarter, surpassing estimates, with a 21.2% increase in revenue year-over-year, totaling $10.15 billion.
• The company announced a quarterly dividend of $0.36 per share, set to be paid on October 27th, representing an annualized yield of 0.5%.

Johnson Investment Counsel Inc. raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,232 shares of the company's stock after buying an additional 2,424 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in GE Aerospace were worth $19,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Old North State Wealth Management LLC raised its stake in GE Aerospace by 1.9% during the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after buying an additional 39 shares in the last quarter. Webster Bank N. A. raised its stake in GE Aerospace by 2.1% during the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after buying an additional 41 shares in the last quarter. Pacific Sage Partners LLC raised its stake in GE Aerospace by 3.5% during the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock valued at $314,000 after buying an additional 41 shares in the last quarter. Ascent Capital Management LLC raised its stake in GE Aerospace by 1.9% during the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock valued at $585,000 after buying an additional 42 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its stake in GE Aerospace by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 2.5%

GE opened at $291.96 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market cap of $309.61 billion, a P/E ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49. The stock's 50 day moving average price is $283.44 and its 200 day moving average price is $247.38.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the firm earned $1.20 EPS. The firm's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Analyst Ratings Changes

Several brokerages have issued reports on GE. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Zacks Research cut GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research report on Wednesday. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and an average target price of $251.31.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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