Simplify Asset Management Inc. Acquires New Shares in GE HealthCare Technologies Inc. $GEHC

Simplify Asset Management Inc. bought a new position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) during the 2nd quarter, HoldingsChannel reports. The firm bought 24,776 shares of the company’s stock, valued at approximately $1,835,000.

A number of other institutional investors have also recently bought and sold shares of GEHC. N.E.W. Advisory Services LLC bought a new stake in GE HealthCare Technologies in the 1st quarter valued at $25,000. Bogart Wealth LLC grew its stake in GE HealthCare Technologies by 260.0% in the first quarter. Bogart Wealth LLC now owns 342 shares of the company’s stock valued at $28,000 after purchasing an additional 247 shares in the last quarter. Gladwyn Financial Advisors Inc. bought a new position in shares of GE HealthCare Technologies in the second quarter valued at $34,000. Game Plan Financial Advisors LLC increased its stake in shares of GE HealthCare Technologies by 295.3% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 502 shares of the company’s stock worth $37,000 after purchasing an additional 375 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in GE HealthCare Technologies during the first quarter worth approximately $42,000. Institutional investors own 82.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GEHC shares. Wall Street Zen lowered shares of GE HealthCare Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of GE HealthCare Technologies in a report on Tuesday, October 14th. BTIG Research set a $87.00 price objective on shares of GE HealthCare Technologies in a research note on Wednesday, October 29th. Evercore ISI boosted their target price on GE HealthCare Technologies from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Barclays initiated coverage on GE HealthCare Technologies in a research note on Monday, October 13th. They issued an “equal weight” rating and a $86.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.10.

GE HealthCare Technologies Trading Up 0.6%

GEHC opened at $73.48 on Tuesday. The company has a fifty day moving average price of $75.11 and a two-hundred day moving average price of $73.60. GE HealthCare Technologies Inc. has a 1-year low of $57.65 and a 1-year high of $94.80. The company has a current ratio of 1.18, a quick ratio of 0.95 and a debt-to-equity ratio of 0.83. The company has a market cap of $33.47 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. GE HealthCare Technologies had a return on equity of 22.52% and a net margin of 10.94%.The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. GE HealthCare Technologies has set its FY 2025 guidance at 4.510-4.630 EPS. Analysts predict that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.14 annualized dividend and a yield of 0.2%. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 2.89%.

GE HealthCare Technologies 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.