OLD National Bancorp IN Invests $5.29 Million in GE HealthCare Technologies Inc. $GEHC

OLD National Bancorp IN acquired a new stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) in the second quarter, Holdings Channel reports. The firm acquired 71,411 shares of the company’s stock, valued at approximately $5,289,000.

Several other large investors have also recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new position in shares of GE HealthCare Technologies in the first quarter worth $25,000. Bogart Wealth LLC boosted its holdings 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 during the period. Stonebridge Financial Group LLC grew its stake in GE HealthCare Technologies by 165.7% during the 1st 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 GE HealthCare Technologies during the 1st quarter worth $35,000. Finally, Zions Bancorporation National Association UT purchased a new stake in GE HealthCare Technologies during the 1st quarter worth about $42,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GEHC has been the topic of a number of analyst reports. Wall Street Zen lowered GE HealthCare Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Citigroup lifted their price target on shares of GE HealthCare Technologies from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of GE HealthCare Technologies in a report on Saturday, September 27th. Morgan Stanley set a $74.00 price objective on shares of GE HealthCare Technologies in a research report on Thursday, September 18th. Finally, BTIG Research reaffirmed a “buy” rating on shares of GE HealthCare Technologies in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.89.

GE HealthCare Technologies Stock Performance

NASDAQ:GEHC opened at $76.56 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.93 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $34.95 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 2.93 and a beta of 1.13. The firm has a 50-day moving average price of $74.25 and a two-hundred day moving average price of $72.48. GE HealthCare Technologies Inc. has a twelve month low of $57.65 and a twelve month high of $94.80.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.15. GE HealthCare Technologies had a net margin of 11.22% and a return on equity of 23.93%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period last year, the company posted $1.00 EPS. The company’s revenue was up 3.5% on a year-over-year basis. GE HealthCare Technologies has set its FY 2025 guidance at 4.430-4.630 EPS. As a group, research analysts expect that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

GE HealthCare Technologies Announces Dividend

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