Dudley & Shanley LLC Purchases 10,000 Shares of General Electric (GE)

Dudley & Shanley LLC lifted its position in shares of General Electric (NYSE:GE) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,000 shares of the conglomerate’s stock after acquiring an additional 10,000 shares during the quarter. General Electric makes up approximately 0.2% of Dudley & Shanley LLC’s portfolio, making the stock its 25th biggest position. Dudley & Shanley LLC’s holdings in General Electric were worth $890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MPS Loria Financial Planners LLC bought a new position in General Electric during the 2nd quarter worth $113,000. Ffcm LLC bought a new position in General Electric during the 2nd quarter worth $114,000. Corbenic Partners LLC raised its position in General Electric by 15.7% during the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares during the last quarter. Bristlecone Advisors LLC bought a new position in General Electric during the 3rd quarter worth $164,000. Finally, KCS Wealth Advisory bought a new position in General Electric during the 4th quarter worth $183,000. 56.30% of the stock is currently owned by institutional investors.

In other news, insider Alexander Dimitrief bought 2,689 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $16.16 per share, with a total value of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.12% of the company’s stock.

Several brokerages recently issued reports on GE. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of General Electric in a research report on Thursday. Stifel Nicolaus lowered their target price on General Electric from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, April 3rd. Citigroup reaffirmed a “buy” rating on shares of General Electric in a research report on Tuesday, April 3rd. DZ Bank reaffirmed a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Finally, JPMorgan Chase reaffirmed an “underweight” rating and set a $11.00 target price (down from $14.00) on shares of General Electric in a research report on Tuesday, March 13th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.09.

GE stock opened at $13.06 on Monday. General Electric has a 1-year low of $12.73 and a 1-year high of $30.54. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.87 and a quick ratio of 1.59. The stock has a market capitalization of $113,394.45, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.54 and a beta of 1.02.

General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. The business had revenue of $31.40 billion during the quarter, compared to the consensus estimate of $33.93 billion. During the same period last year, the business posted $0.46 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. analysts expect that General Electric will post 0.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is 45.71%.

General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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