Elo Mutual Pension Insurance Co Raises Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Elo Mutual Pension Insurance Co raised its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,008 shares of the company's stock after buying an additional 8,729 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in GE HealthCare Technologies were worth $3,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. CoreFirst Bank & Trust bought a new position in shares of GE HealthCare Technologies in the fourth quarter worth approximately $25,000. Runnymede Capital Advisors Inc. bought a new position in shares of GE HealthCare Technologies in the 4th quarter worth $28,000. Continuum Advisory LLC increased its holdings in shares of GE HealthCare Technologies by 101.8% in the 3rd quarter. Continuum Advisory LLC now owns 333 shares of the company's stock worth $31,000 after buying an additional 168 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of GE HealthCare Technologies during the 4th quarter worth $32,000. Finally, OFI Invest Asset Management bought a new stake in shares of GE HealthCare Technologies during the 4th quarter worth $34,000. 82.06% of the stock is currently owned by institutional investors.

GE HealthCare Technologies Trading Up 0.9 %

Shares of NASDAQ:GEHC traded up $0.70 during midday trading on Monday, hitting $80.71. 4,151,176 shares of the stock traded hands, compared to its average volume of 2,938,521. The company has a quick ratio of 0.83, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $36.91 billion, a PE ratio of 18.64, a P/E/G ratio of 3.19 and a beta of 1.13. GE HealthCare Technologies Inc. has a one year low of $74.51 and a one year high of $94.80. The business's 50 day moving average is $86.70 and its two-hundred day moving average is $85.86.

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GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.19. GE HealthCare Technologies had a return on equity of 25.74% and a net margin of 10.13%. The business had revenue of $5.32 billion during the quarter, compared to analysts' expectations of $5.33 billion. As a group, research analysts forecast that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Friday, April 25th. GE HealthCare Technologies's payout ratio is currently 3.23%.

Analysts Set New Price Targets

A number of research firms have weighed in on GEHC. Jefferies Financial Group upgraded GE HealthCare Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $95.00 to $103.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group raised GE HealthCare Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $85.00 to $100.00 in a research note on Tuesday, March 11th. Wells Fargo & Company lifted their price target on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Citigroup increased their target price on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $98.75.

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.