Temasek Holdings Private Ltd Has $97.33 Million Holdings in GE Aerospace $GE

Temasek Holdings Private Ltd decreased its stake in GE Aerospace (NYSE:GE) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,126 shares of the company’s stock after selling 28,000 shares during the period. Temasek Holdings Private Ltd’s holdings in GE Aerospace were worth $97,326,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GE. Norges Bank acquired a new position in shares of GE Aerospace during the second quarter valued at about $3,408,828,000. GQG Partners LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth approximately $1,606,840,000. Nuveen LLC bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $777,075,000. Amundi raised its stake in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after purchasing an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, TD Cowen boosted their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.31.

GE Aerospace Stock Down 2.8%

NYSE:GE opened at $283.74 on Monday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The stock has a 50-day moving average price of $300.52 and a two-hundred day moving average price of $276.62. The stock has a market cap of $299.29 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.21 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the firm earned $1.15 EPS. GE Aerospace’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s payout ratio is currently 19.23%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.