Dodge & Cox Purchases 11,867 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Dodge & Cox raised its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 0.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,675,508 shares of the company’s stock after buying an additional 11,867 shares during the quarter. Dodge & Cox’s holdings in GE HealthCare Technologies were worth $1,303,691,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Jump Financial LLC increased its stake in shares of GE HealthCare Technologies by 15.3% in the fourth quarter. Jump Financial LLC now owns 8,740 shares of the company’s stock worth $683,000 after acquiring an additional 1,163 shares during the period. Guggenheim Capital LLC raised its stake in GE HealthCare Technologies by 4.7% in the 4th quarter. Guggenheim Capital LLC now owns 132,499 shares of the company’s stock valued at $10,359,000 after purchasing an additional 5,926 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in GE HealthCare Technologies in the 4th quarter valued at about $533,000. Elkhorn Partners Limited Partnership acquired a new position in shares of GE HealthCare Technologies during the 4th quarter valued at about $47,000. Finally, XTX Topco Ltd purchased a new position in GE HealthCare Technologies in the fourth quarter worth approximately $1,119,000. 82.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company boosted their target price on GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of GE HealthCare Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $100.00 in a research note on Tuesday, March 11th. Citigroup increased their target price on GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group upgraded GE HealthCare Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $95.00 to $103.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.73.

GE HealthCare Technologies Price Performance

GEHC opened at $64.39 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. The stock has a market cap of $29.45 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 3.19 and a beta of 1.14. GE HealthCare Technologies Inc. has a 1 year low of $57.65 and a 1 year high of $94.80. The stock has a fifty day moving average price of $81.29 and a 200 day moving average price of $83.80.

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

GE HealthCare Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.14 dividend on an annualized basis and a yield of 0.22%. GE HealthCare Technologies’s payout ratio is 3.23%.

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.