Teacher Retirement System of Texas Grows Stock Holdings in GE HealthCare Technologies Inc. $GEHC

Teacher Retirement System of Texas lifted its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 18.9% during the third quarter, Holdings Channel reports. The institutional investor owned 332,473 shares of the company’s stock after buying an additional 52,956 shares during the quarter. Teacher Retirement System of Texas’ holdings in GE HealthCare Technologies were worth $24,969,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allianz SE boosted its stake in GE HealthCare Technologies by 165.2% in the second quarter. Allianz SE now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of GE HealthCare Technologies by 130.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 346 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares in the last quarter. Godsey & Gibb Inc. purchased a new stake in shares of GE HealthCare Technologies during the 3rd quarter valued at $26,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of GE HealthCare Technologies in the 2nd quarter worth $34,000. Finally, Piscataqua Savings Bank grew its stake in GE HealthCare Technologies by 173.4% during the 3rd quarter. Piscataqua Savings Bank now owns 473 shares of the company’s stock worth $36,000 after buying an additional 300 shares during the last quarter. Institutional investors own 82.06% of the company’s stock.

Analyst Ratings Changes

GEHC has been the subject of a number of research analyst reports. UBS Group cut GE HealthCare Technologies from a “neutral” rating to a “sell” rating and increased their price target for the company from $73.00 to $77.00 in a research note on Thursday, January 15th. Barclays started coverage on shares of GE HealthCare Technologies in a report on Monday, October 13th. They set an “equal weight” rating and a $86.00 price objective on the stock. Bank of America increased their price objective on shares of GE HealthCare Technologies from $82.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Morgan Stanley boosted their target price on shares of GE HealthCare Technologies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $98.00 price target on shares of GE HealthCare Technologies in a research note on Friday, January 9th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GE HealthCare Technologies has a consensus rating of “Hold” and an average price target of $89.83.

GE HealthCare Technologies Price Performance

Shares of NASDAQ GEHC opened at $79.77 on Friday. GE HealthCare Technologies Inc. has a 52 week low of $57.65 and a 52 week high of $94.80. The business’s 50 day moving average price is $81.98 and its 200 day moving average price is $77.20. The company has a quick ratio of 0.95, a current ratio of 1.18 and a debt-to-equity ratio of 0.83. The firm has a market cap of $36.34 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.47 and a beta of 1.08.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. GE HealthCare Technologies had a net margin of 10.94% and a return on equity of 22.52%. GE HealthCare Technologies’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. GE HealthCare Technologies has set its FY 2025 guidance at 4.510-4.630 EPS. On average, sell-side analysts expect that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 9th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, January 9th. GE HealthCare Technologies’s dividend payout ratio is presently 2.89%.

About GE HealthCare Technologies

GE HealthCare Technologies (NASDAQ: GEHC) is a global medical technology and diagnostics company that develops, manufactures and markets a broad range of products and services for healthcare providers. Its portfolio centers on diagnostic imaging systems, including MRI, CT, PET and X-ray modalities, as well as ultrasound equipment. The company also supplies patient monitoring and anesthesia delivery systems, interventional and surgical imaging solutions, and molecular imaging technologies used in both clinical care and research settings.

In addition to hardware, GE HealthCare offers software, analytics and lifecycle services aimed at improving clinical workflows and equipment uptime.