LPL Financial LLC Has $34.76 Million Stock Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

LPL Financial LLC lifted its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 444,567 shares of the company’s stock after buying an additional 16,881 shares during the period. LPL Financial LLC owned about 0.10% of GE HealthCare Technologies worth $34,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Runnymede Capital Advisors Inc. acquired a new position in GE HealthCare Technologies during the fourth quarter worth $28,000. Continuum Advisory LLC lifted its holdings in GE HealthCare Technologies by 101.8% during the 3rd quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock valued at $31,000 after purchasing an additional 168 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in GE HealthCare Technologies in the fourth quarter valued at about $32,000. OFI Invest Asset Management bought a new stake in GE HealthCare Technologies during the fourth quarter worth about $34,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of GE HealthCare Technologies in the fourth quarter valued at approximately $34,000. Institutional investors own 82.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GEHC. Citigroup increased their price target on GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group upgraded GE HealthCare Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $100.00 in a research note on Tuesday, March 11th. Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $95.00 to $103.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price objective on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

GE HealthCare Technologies Stock Down 2.0 %

Shares of NASDAQ:GEHC opened at $80.01 on Friday. The company has a 50 day moving average of $86.70 and a 200-day moving average of $85.86. GE HealthCare Technologies Inc. has a one year low of $74.51 and a one year high of $94.80. The stock has a market cap of $36.59 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 3.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.83.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its earnings results on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.26 by $0.19. GE HealthCare Technologies had a net margin of 10.13% and a return on equity of 25.74%. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.33 billion. On average, sell-side analysts forecast that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Friday, April 25th. GE HealthCare Technologies’s dividend payout ratio (DPR) is currently 3.23%.

GE HealthCare Technologies Company 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.