General Electric Company (GE) Position Held by Van Strum & Towne Inc.
Van Strum & Towne Inc. held its position in shares of General Electric Company (NYSE:GE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,102 shares of the conglomerate’s stock at the close of the second quarter. General Electric makes up 2.4% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 16th biggest position. Van Strum & Towne Inc.’s holdings in General Electric were worth $3,730,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GE. Ullmann Financial Group Inc. purchased a new position in shares of General Electric in the 1st quarter worth about $106,000. PHH Investments Ltd. raised its holdings in shares of General Electric by 105.0% in the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after purchasing an additional 2,000 shares during the period. Oakmont Partners LLC raised its holdings in shares of General Electric by 3.6% in the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after purchasing an additional 278 shares during the period. Cascade Investment Advisors Inc. raised its holdings in shares of General Electric by 25.2% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock worth $218,000 after purchasing an additional 1,625 shares during the period. Finally, Barber Financial Group Inc. raised its holdings in shares of General Electric by 3.1% in the 1st quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 54.29% of the company’s stock.
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A number of equities analysts have recently commented on the company. J P Morgan Chase & Co set a $17.00 price objective on General Electric and gave the stock a “sell” rating in a report on Wednesday. Bank of America Corporation restated a “buy” rating and issued a $23.00 price objective (down from $27.00) on shares of General Electric in a report on Tuesday. Morningstar, Inc. restated a “buy” rating on shares of General Electric in a report on Tuesday. Stifel Nicolaus set a $22.00 price objective on General Electric and gave the stock a “neutral” rating in a report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) set a $22.00 price objective on General Electric and gave the stock a “neutral” rating in a report on Tuesday. Six research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. General Electric has an average rating of “Hold” and a consensus target price of $24.84.
In other news, Director James S. Tisch bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven M. Mollenkopf bought 5,500 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $18.24 per share, with a total value of $100,320.00. Following the transaction, the director now owns 5,500 shares in the company, valued at approximately $100,320. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.
General Electric Company (GE) opened at $18.25 on Friday. The company has a market capitalization of $158,496.23, a P/E ratio of 14.74, a PEG ratio of 2.05 and a beta of 1.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. General Electric Company has a 12-month low of $17.46 and a 12-month high of $32.38.
General Electric (NYSE:GE) last issued its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. General Electric’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. research analysts expect that General Electric Company will post 1.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were given a $0.24 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 5.26%. General Electric’s payout ratio is 120.00%.
About General Electric
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