Chicago Partners Investment Group LLC Decreases Stake in GE HealthCare Technologies Inc. $GEHC

Chicago Partners Investment Group LLC decreased its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,876 shares of the company’s stock after selling 296 shares during the period. Chicago Partners Investment Group LLC’s holdings in GE HealthCare Technologies were worth $454,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of GE HealthCare Technologies during the first quarter valued at approximately $25,000. Bogart Wealth LLC increased its position in shares of GE HealthCare Technologies by 260.0% during the 1st quarter. Bogart Wealth LLC now owns 342 shares of the company’s stock valued at $28,000 after purchasing an additional 247 shares during the last quarter. Stonebridge Financial Group LLC increased its position in shares of GE HealthCare Technologies by 165.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 356 shares of the company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Gladwyn Financial Advisors Inc. purchased a new stake in GE HealthCare Technologies during the second quarter worth about $34,000. Finally, Olde Wealth Management LLC purchased a new stake in GE HealthCare Technologies during the first quarter worth about $35,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley set a $74.00 price objective on shares of GE HealthCare Technologies in a report on Thursday, September 18th. Wall Street Zen lowered shares of GE HealthCare Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GE HealthCare Technologies in a research report on Tuesday, October 14th. BTIG Research upped their price target on GE HealthCare Technologies from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Zacks Research lowered GE HealthCare Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, GE HealthCare Technologies has an average rating of “Moderate Buy” and a consensus price target of $85.20.

GE HealthCare Technologies Price Performance

Shares of NASDAQ GEHC opened at $76.14 on Thursday. The stock has a market cap of $34.76 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.91 and a beta of 1.13. GE HealthCare Technologies Inc. has a fifty-two week low of $57.65 and a fifty-two week high of $94.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.16. The stock has a fifty day moving average of $74.61 and a 200-day moving average of $72.19.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.15. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.96 billion. GE HealthCare Technologies had a return on equity of 23.93% and a net margin of 11.22%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. GE HealthCare Technologies has set its FY 2025 guidance at 4.430-4.630 EPS. Equities research analysts anticipate that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.14 annualized dividend and a yield of 0.2%. GE HealthCare Technologies’s payout ratio is currently 2.87%.

GE HealthCare Technologies Profile

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.