Copeland Capital Management LLC Takes Position in General Electric (NYSE:GE)

Copeland Capital Management LLC acquired a new stake in General Electric (NYSE:GE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 256 shares of the conglomerate’s stock, valued at approximately $48,000.

A number of other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in General Electric during the third quarter valued at approximately $25,000. Studio Investment Management LLC lifted its position in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in General Electric during the second quarter valued at approximately $31,000. Richardson Financial Services Inc. bought a new stake in General Electric during the first quarter valued at approximately $34,000. Finally, Financial Connections Group Inc. bought a new stake in General Electric during the second quarter valued at approximately $32,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on GE shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada lifted their price target on shares of General Electric from $190.00 to $210.00 in a research note on Tuesday. Barclays lifted their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. UBS Group lifted their price target on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Melius Research lifted their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.53.

General Electric Stock Down 9.1 %

Shares of General Electric stock opened at $176.59 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company’s fifty day simple moving average is $179.24 and its two-hundred day simple moving average is $168.05. The company has a market cap of $193.30 billion, a P/E ratio of 57.90, a PEG ratio of 1.86 and a beta of 1.18. General Electric has a 12-month low of $84.58 and a 12-month high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The business had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. Research analysts anticipate that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s payout ratio is currently 36.72%.

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.