1,017 Shares in GE HealthCare Technologies Inc. (NASDAQ:GEHC) Bought by Worth Asset Management LLC

Worth Asset Management LLC bought a new position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,017 shares of the company’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gradient Investments LLC acquired a new position in GE HealthCare Technologies in the 2nd quarter worth $37,000. Peoples Financial Services CORP. acquired a new position in shares of GE HealthCare Technologies during the 2nd quarter worth about $64,000. Boit C F David acquired a new position in shares of GE HealthCare Technologies during the 2nd quarter worth about $102,000. Sanders Morris Harris LLC acquired a new position in shares of GE HealthCare Technologies during the 2nd quarter worth about $201,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of GE HealthCare Technologies during the 2nd quarter worth about $234,000. 79.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GE HealthCare Technologies

In other GE HealthCare Technologies news, CEO Kevin Michael O’neill sold 15,609 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $77.32, for a total value of $1,206,887.88. Following the transaction, the chief executive officer now directly owns 24,025 shares of the company’s stock, valued at approximately $1,857,613. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Argus assumed coverage on shares of GE HealthCare Technologies in a research note on Friday, August 25th. They set a “buy” rating and a $80.00 price objective for the company. Morgan Stanley assumed coverage on shares of GE HealthCare Technologies in a research note on Tuesday, June 27th. They set an “equal weight” rating for the company. Bank of America began coverage on shares of GE HealthCare Technologies in a research note on Monday, July 31st. They set a “neutral” rating and a $82.00 price objective for the company. Finally, Wells Fargo & Company began coverage on shares of GE HealthCare Technologies in a report on Wednesday, August 16th. They issued an “overweight” rating and a $90.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, GE HealthCare Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

GE HealthCare Technologies Stock Down 0.2 %

Shares of GEHC stock opened at $66.28 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 1.44. GE HealthCare Technologies Inc. has a 52-week low of $53.00 and a 52-week high of $87.83. The firm’s 50-day moving average is $73.08 and its 200-day moving average is $77.01.

GE HealthCare Technologies (NASDAQ:GEHC) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.05. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.79 billion. GE HealthCare Technologies’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that GE HealthCare Technologies Inc. will post 3.8 EPS for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.03 dividend. The ex-dividend date was Thursday, July 20th. This represents a $0.12 annualized dividend and a yield of 0.18%.

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, Europe, the Middle East, Africa, China, Taiwan, Mongolia, Hong Kong, and internationally.