Baker Hughes (NASDAQ:BKR) Shares Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. boosted its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,739 shares of the company's stock after acquiring an additional 26,189 shares during the period. Flputnam Investment Management Co.'s holdings in Baker Hughes were worth $5,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKR. Jefferies Financial Group Inc. purchased a new position in Baker Hughes in the 4th quarter worth approximately $27,000. Hall Laurie J Trustee purchased a new stake in shares of Baker Hughes in the 3rd quarter valued at $28,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Baker Hughes in the 4th quarter valued at $33,000. OFI Invest Asset Management purchased a new stake in shares of Baker Hughes in the 3rd quarter valued at $36,000. Finally, Quarry LP boosted its stake in shares of Baker Hughes by 41.3% in the 2nd quarter. Quarry LP now owns 1,132 shares of the company's stock valued at $36,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of a number of research reports. Barclays cut their price objective on shares of Baker Hughes from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, January 26th. TD Cowen raised their target price on shares of Baker Hughes from $46.00 to $49.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Susquehanna reaffirmed a "positive" rating and issued a $40.00 target price on shares of Baker Hughes in a research report on Monday, April 8th. Citigroup dropped their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 26th. Finally, Wolfe Research cut shares of Baker Hughes from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.87.

Baker Hughes Stock Down 1.1 %

NASDAQ:BKR traded down $0.35 on Tuesday, reaching $32.10. 5,851,828 shares of the stock traded hands, compared to its average volume of 8,907,065. The company has a market capitalization of $32.13 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.68 and a beta of 1.42. The company has a current ratio of 1.25, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. Baker Hughes has a 12 month low of $26.81 and a 12 month high of $37.58. The company's fifty day simple moving average is $31.49 and its 200 day simple moving average is $32.60.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the business earned $0.38 EPS. Baker Hughes's revenue was up 15.7% compared to the same quarter last year. Equities analysts predict that Baker Hughes will post 2.07 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, February 12th. This represents a $0.84 annualized dividend and a yield of 2.62%. This is an increase from Baker Hughes's previous quarterly dividend of $0.20. Baker Hughes's payout ratio is currently 43.98%.

Insider Buying and Selling at Baker Hughes

In other news, SVP James E. Apostolides sold 10,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the transaction, the senior vice president now owns 14,451 shares of the company's stock, valued at $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP James E. Apostolides sold 10,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the transaction, the senior vice president now owns 14,451 shares of the company's stock, valued at $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James E. Apostolides sold 5,000 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,998 shares in the company, valued at approximately $508,132.24. The disclosure for this sale can be found here. Insiders own 0.25% of the company's stock.

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.