GE HealthCare Technologies Inc. (NASDAQ:GEHC) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS raised its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,582 shares of the company’s stock after buying an additional 6,257 shares during the period. DnB Asset Management AS’s holdings in GE HealthCare Technologies were worth $6,144,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CoreFirst Bank & Trust acquired a new stake in shares of GE HealthCare Technologies in the fourth quarter valued at about $25,000. Continuum Advisory LLC boosted its holdings in GE HealthCare Technologies by 101.8% in the 3rd quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock worth $31,000 after acquiring an additional 168 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in GE HealthCare Technologies in the fourth quarter valued at approximately $28,000. Bank of Jackson Hole Trust purchased a new stake in shares of GE HealthCare Technologies during the fourth quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of GE HealthCare Technologies during the fourth quarter worth $34,000. 82.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

GE HealthCare Technologies Trading Down 2.0 %

Shares of NASDAQ GEHC opened at $80.01 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $86.70 and its two-hundred day moving average price is $85.86. GE HealthCare Technologies Inc. has a 52-week low of $74.51 and a 52-week high of $94.80. The stock has a market capitalization of $36.59 billion, a P/E ratio of 18.48, a PEG ratio of 3.19 and a beta of 1.13.

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

GE HealthCare Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Friday, April 25th. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 3.23%.

About GE HealthCare Technologies

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.