Mathes Company Inc. Sells 1,277 Shares of General Electric (NYSE:GE)

Mathes Company Inc. cut its position in shares of General Electric (NYSE:GE) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 33,450 shares of the conglomerate’s stock after selling 1,277 shares during the period. General Electric comprises about 2.0% of Mathes Company Inc.’s investment portfolio, making the stock its 14th largest holding. Mathes Company Inc.’s holdings in General Electric were worth $5,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in shares of General Electric in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the 3rd quarter worth $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the 3rd quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the 3rd quarter worth $30,000. 74.77% of the stock is owned by institutional investors.

General Electric Stock Up 0.1 %

General Electric stock opened at $208.62 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The business’s 50-day simple moving average is $182.66 and its two-hundred day simple moving average is $179.33. The company has a market cap of $223.91 billion, a PE ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a fifty-two week low of $117.43 and a fifty-two week high of $211.42.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities analysts anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. 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 dividend yield of 0.69%. General Electric’s dividend payout ratio is presently 18.70%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.