GE HealthCare Technologies Inc. $GEHC Shares Purchased by Optas LLC

Optas LLC boosted its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 12.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,043 shares of the company’s stock after acquiring an additional 326 shares during the quarter. Optas LLC’s holdings in GE HealthCare Technologies were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in shares of GE HealthCare Technologies during the first quarter worth about $25,000. Bogart Wealth LLC lifted its stake in shares of GE HealthCare Technologies by 260.0% during the first quarter. Bogart Wealth LLC now owns 342 shares of the company’s stock worth $28,000 after purchasing an additional 247 shares in the last quarter. Stonebridge Financial Group LLC lifted its stake in shares of GE HealthCare Technologies by 165.7% during the first quarter. Stonebridge Financial Group LLC now owns 356 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of GE HealthCare Technologies during the first quarter worth about $35,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of GE HealthCare Technologies during the first quarter worth about $42,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GEHC shares. Zacks Research cut GE HealthCare Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen cut GE HealthCare Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Morgan Stanley set a $74.00 target price on GE HealthCare Technologies in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE HealthCare Technologies in a research report on Saturday, September 27th. Finally, BTIG Research reaffirmed a “buy” rating on shares of GE HealthCare Technologies in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.78.

GE HealthCare Technologies Stock Down 4.3%

Shares of GE HealthCare Technologies stock opened at $71.01 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.16 and a debt-to-equity ratio of 0.85. The firm has a market cap of $32.42 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.84 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 business has a 50-day moving average price of $74.31 and a 200 day moving average price of $72.34.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its quarterly earnings data 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 firm had revenue of $5 billion during the quarter, compared to analyst estimates of $4.96 billion. GE HealthCare Technologies had a return on equity of 23.93% and a net margin of 11.22%.GE HealthCare Technologies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. GE HealthCare Technologies has set its FY 2025 guidance at 4.430-4.630 EPS. On average, sell-side analysts forecast that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

GE HealthCare Technologies Announces Dividend

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 issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 24th. GE HealthCare Technologies’s payout ratio is currently 2.87%.

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.