Private Wealth Partners LLC Buys New Shares in GE HealthCare Technologies Inc. $GEHC

Private Wealth Partners LLC purchased a new position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,950 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nan Fung Trinity HK Ltd. acquired a new stake in shares of GE HealthCare Technologies in the third quarter worth approximately $23,206,000. National Pension Service raised its stake in GE HealthCare Technologies by 4.6% during the third quarter. National Pension Service now owns 725,983 shares of the company’s stock worth $54,521,000 after purchasing an additional 31,671 shares during the period. Arizona State Retirement System grew its stake in shares of GE HealthCare Technologies by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 134,880 shares of the company’s stock valued at $10,129,000 after buying an additional 1,090 shares during the period. GPS Wealth Strategies Group LLC grew its stake in shares of GE HealthCare Technologies by 47.1% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,216 shares of the company’s stock valued at $166,000 after buying an additional 710 shares during the period. Finally, AE Wealth Management LLC increased its holdings in shares of GE HealthCare Technologies by 8.4% during the 3rd quarter. AE Wealth Management LLC now owns 16,981 shares of the company’s stock worth $1,275,000 after buying an additional 1,318 shares during the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on GE HealthCare Technologies from $83.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Piper Sandler boosted their target price on GE HealthCare Technologies from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley raised their price target on shares of GE HealthCare Technologies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Barclays began coverage on shares of GE HealthCare Technologies in a research report on Monday, October 13th. They set an “equal weight” rating and a $86.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of GE HealthCare Technologies in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, GE HealthCare Technologies has an average rating of “Hold” and a consensus price target of $90.33.

GE HealthCare Technologies Price Performance

Shares of GEHC stock opened at $78.97 on Friday. The firm has a fifty day simple moving average of $82.63 and a 200-day simple moving average of $77.35. The company has a market capitalization of $35.97 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. GE HealthCare Technologies Inc. has a twelve month low of $57.65 and a twelve month high of $94.80. The company has a current ratio of 1.18, a quick ratio of 0.95 and a debt-to-equity ratio of 0.83.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.07 billion. GE HealthCare Technologies had a net margin of 10.94% and a return on equity of 22.52%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. Equities research analysts anticipate that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 9th will be paid a $0.035 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.14 annualized dividend and a dividend yield of 0.2%. GE HealthCare Technologies’s payout ratio is 2.89%.

About GE HealthCare Technologies

GE HealthCare Technologies (NASDAQ: GEHC) is a global medical technology and diagnostics company that develops, manufactures and markets a broad range of products and services for healthcare providers. Its portfolio centers on diagnostic imaging systems, including MRI, CT, PET and X-ray modalities, as well as ultrasound equipment. The company also supplies patient monitoring and anesthesia delivery systems, interventional and surgical imaging solutions, and molecular imaging technologies used in both clinical care and research settings.

In addition to hardware, GE HealthCare offers software, analytics and lifecycle services aimed at improving clinical workflows and equipment uptime.