DSM Capital Partners LLC Buys 54,967 Shares of General Electric (NYSE:GE)

DSM Capital Partners LLC grew its holdings in General Electric (NYSE:GE - Free Report) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,632 shares of the conglomerate's stock after purchasing an additional 54,967 shares during the quarter. General Electric makes up approximately 0.6% of DSM Capital Partners LLC's holdings, making the stock its 25th biggest holding. DSM Capital Partners LLC's holdings in General Electric were worth $39,968,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Toth Financial Advisory Corp bought a new position in General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC bought a new position in General Electric during the 4th quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. bought a new position in General Electric during the 3rd quarter worth approximately $28,000. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on GE shares. Citigroup raised their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Bank of America raised their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday. They set a "buy" rating and a $250.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.31.

General Electric Stock Down 4.2 %

GE traded down $8.84 during trading on Friday, reaching $199.90. 5,410,517 shares of the stock were exchanged, compared to its average volume of 5,419,847. The stock has a market cap of $214.55 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22. General Electric has a twelve month low of $119.88 and a twelve month high of $212.19. The stock's 50 day moving average price is $186.57 and its two-hundred day moving average price is $180.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 24.04%.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.