Sandhill Capital Partners LLC Has $51.24 Million Stock Holdings in General Electric (NYSE:GE)

Sandhill Capital Partners LLC trimmed its stake in shares of General Electric (NYSE:GE - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,210 shares of the conglomerate's stock after selling 20,812 shares during the quarter. General Electric makes up 4.0% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 8th largest position. Sandhill Capital Partners LLC's holdings in General Electric were worth $51,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Vanguard Group Inc. increased its holdings in General Electric by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate's stock valued at $14,980,297,000 after purchasing an additional 410,172 shares during the period. FMR LLC grew its position in shares of General Electric by 1.5% in the 4th quarter. FMR LLC now owns 66,823,968 shares of the conglomerate's stock worth $11,145,570,000 after buying an additional 965,012 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of General Electric by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate's stock valued at $3,846,587,000 after buying an additional 529,457 shares during the period. Norges Bank bought a new position in shares of General Electric during the fourth quarter valued at approximately $2,375,439,000. Finally, Invesco Ltd. lifted its stake in General Electric by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate's stock worth $1,591,970,000 after acquiring an additional 1,204,910 shares during the period. Institutional investors own 74.77% of the company's stock.

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General Electric Stock Performance

General Electric stock traded up $0.09 during trading on Friday, reaching $181.60. The company had a trading volume of 6,490,484 shares, compared to its average volume of 5,478,609. The firm's 50-day simple moving average is $198.36 and its 200 day simple moving average is $186.59. General Electric has a 52 week low of $146.78 and a 52 week 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 firm has a market capitalization of $194.91 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

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

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. General Electric's dividend payout ratio (DPR) is currently 24.04%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GE shares. 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 research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Citigroup dropped their target price on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped their price target on shares of General Electric from $250.00 to $203.00 and set an "overweight" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $212.73.

General Electric Company 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.