Grandfield & Dodd LLC Decreases Stock Position in General Electric (NYSE:GE)

Grandfield & Dodd LLC cut its stake in General Electric (NYSE:GE - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,428 shares of the conglomerate's stock after selling 2,388 shares during the quarter. General Electric comprises about 2.8% of Grandfield & Dodd LLC's investment portfolio, making the stock its 7th biggest position. Grandfield & Dodd LLC's holdings in General Electric were worth $45,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of GE. Game Plan Financial Advisors LLC raised its stake in shares of General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after purchasing an additional 55 shares in the last quarter. Red Door Wealth Management LLC increased its holdings in General Electric by 4.0% in the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after buying an additional 56 shares during the last quarter. WR Wealth Planners LLC raised its position in General Electric by 30.6% during the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 56 shares in the last quarter. Saxon Interests Inc. raised its position in General Electric by 4.2% during the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 57 shares in the last quarter. Finally, Old North State Wealth Management LLC lifted its stake in General Electric by 3.0% in the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock valued at $331,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Performance

NYSE:GE traded down $5.07 during trading hours on Monday, hitting $201.91. 5,374,477 shares of the company traded hands, compared to its average volume of 5,270,844. 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 has a market capitalization of $216.71 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.22. The firm has a 50-day moving average of $190.24 and a 200 day moving average of $182.20. General Electric has a twelve month low of $125.26 and a twelve month high of $212.19.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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%. On average, analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is currently 24.04%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GE shares. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Bank of America increased their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price objective on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $211.31.

About General Electric

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.