1,780 Shares in GE Aerospace (NYSE:GE) Bought by Rothschild Capital Partners LLC

Rothschild Capital Partners LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,780 shares of the company's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of GE Aerospace during the 4th quarter worth $2,375,439,000. Invesco Ltd. boosted its holdings in shares of GE Aerospace by 14.4% in the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of GE Aerospace during the 4th quarter valued at about $194,208,000. Franklin Resources Inc. raised its holdings in shares of GE Aerospace by 206.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the company's stock valued at $278,247,000 after buying an additional 973,135 shares in the last quarter. Finally, FMR LLC lifted its position in GE Aerospace by 1.5% in the 4th quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after buying an additional 965,012 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.6 %

GE Aerospace stock traded up $1.14 during mid-day trading on Friday, hitting $198.55. The company had a trading volume of 4,390,590 shares, compared to its average volume of 5,397,810. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $214.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock's 50 day moving average price is $194.36 and its two-hundred day moving average price is $186.67. The company has a market capitalization of $213.10 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.73%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is currently 22.40%.

Analyst Ratings Changes

Several research firms have commented on GE. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday. Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Bank of America boosted their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $216.92.

About GE Aerospace

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.