Federated Hermes Inc. Purchases 38,415 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Federated Hermes Inc. grew its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 115.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,733 shares of the company's stock after buying an additional 38,415 shares during the quarter. Federated Hermes Inc.'s holdings in GE HealthCare Technologies were worth $5,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new position in GE HealthCare Technologies in the 4th quarter worth approximately $25,000. Runnymede Capital Advisors Inc. bought a new position in GE HealthCare Technologies in the fourth quarter valued at approximately $28,000. Continuum Advisory LLC boosted its position 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 purchasing an additional 168 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in GE HealthCare Technologies in the fourth quarter valued at about $32,000. Finally, OFI Invest Asset Management acquired a new position in shares of GE HealthCare Technologies during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 82.06% of the company's stock.

Analyst Ratings Changes

GEHC has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded GE HealthCare Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $100.00 in a report on Tuesday, March 11th. BTIG Research set a $95.00 price objective on shares of GE HealthCare Technologies and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company lifted their price target on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Citigroup boosted their price objective on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group raised GE HealthCare Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $95.00 to $103.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.27.

GE HealthCare Technologies Trading Up 1.4 %

GEHC stock traded up $0.84 during trading on Thursday, hitting $62.32. The company had a trading volume of 899,468 shares, compared to its average volume of 3,156,827. The business has a 50-day moving average of $80.26 and a 200-day moving average of $83.51. The company has a current ratio of 1.04, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. GE HealthCare Technologies Inc. has a one year low of $57.65 and a one year high of $94.80. The stock has a market cap of $28.53 billion, a PE ratio of 14.39, a PEG ratio of 3.19 and a beta of 1.14.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $5.33 billion. Research analysts predict that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a $0.035 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.22%. GE HealthCare Technologies's dividend payout ratio is presently 3.23%.

About GE HealthCare Technologies

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.