Public Employees Retirement System of Ohio Has $18.26 Million Holdings in GE HealthCare Technologies Inc. $GEHC

Key Points

• The Public Employees Retirement System of Ohio increased its stake in GE HealthCare Technologies Inc. by 4.6%, owning approximately $18.26 million in shares as of the latest reporting period.
• Analysts have a consensus rating of "Moderate Buy" for GE HealthCare Technologies, with the price target set at $88.40, reflecting positive market sentiment despite some mixed ratings.
• The company recently declared a $0.035 quarterly dividend, set to be paid on November 14, which gives a yield of 0.2%.

Public Employees Retirement System of Ohio increased its position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,483 shares of the company's stock after purchasing an additional 10,734 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of GE HealthCare Technologies worth $18,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Breakwater Capital Group bought a new stake in shares of GE HealthCare Technologies during the first quarter valued at approximately $210,000. Bessemer Group Inc. increased its position in shares of GE HealthCare Technologies by 24.3% during 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 period. Flagship Harbor Advisors LLC increased its position in shares of GE HealthCare Technologies by 17.4% during 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 period. Lineweaver Wealth Advisors LLC bought a new stake in shares of GE HealthCare Technologies during the second quarter valued at approximately $592,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of GE HealthCare Technologies by 23.8% during 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 period. 82.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GEHC shares. Zacks Research upgraded GE HealthCare Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. BTIG Research reiterated a "buy" rating on shares of GE HealthCare Technologies in a research report on Monday, July 14th. Citigroup upped their price target 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. Wall Street Zen cut GE HealthCare Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Finally, Morgan Stanley set a $74.00 price target on GE HealthCare Technologies in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.40.

GE HealthCare Technologies Price Performance

GE HealthCare Technologies stock opened at $71.50 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.16. The firm has a market cap of $32.64 billion, a P/E ratio of 14.65, a P/E/G ratio of 2.83 and a beta of 1.13. The business's fifty day moving average is $74.42 and its two-hundred day moving average is $72.94. GE HealthCare Technologies Inc. has a 52 week low of $57.65 and a 52 week high of $94.80.

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

GE HealthCare Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be issued a $0.035 dividend. The ex-dividend date is Friday, October 24th. This represents a $0.14 annualized dividend and a yield of 0.2%. GE HealthCare Technologies's dividend payout ratio (DPR) 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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