Klingman & Associates LLC Buys 650 Shares of GE Aerospace $GE

Klingman & Associates LLC grew its stake in GE Aerospace (NYSE:GE) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,139 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Klingman & Associates LLC’s holdings in GE Aerospace were worth $2,352,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GE. IMA Advisory Services Inc. bought a new position in GE Aerospace in the 1st quarter worth $28,000. Nova Wealth Management Inc. bought a new position in GE Aerospace in the 1st quarter worth $29,000. Wealth Preservation Advisors LLC bought a new position in GE Aerospace in the 1st quarter worth $30,000. First Pacific Financial raised its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC bought a new position in shares of GE Aerospace in the 1st quarter worth about $33,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GE shares. Citigroup reiterated a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. The Goldman Sachs Group increased their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. TD Cowen increased their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Barclays increased their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $276.31.

GE Aerospace Stock Up 1.0%

NYSE:GE opened at $303.15 on Tuesday. The firm has a market cap of $321.48 billion, a P/E ratio of 42.28, a P/E/G ratio of 3.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The firm has a 50-day simple moving average of $286.62 and a two-hundred day simple moving average of $252.17.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.