Sumitomo Mitsui Trust Group Inc. Sells 127,615 Shares of GE Aerospace $GE

Sumitomo Mitsui Trust Group Inc. lowered its holdings in GE Aerospace (NYSE:GE) by 5.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,262,697 shares of the company’s stock after selling 127,615 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in GE Aerospace were worth $642,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Auto Owners Insurance Co grew its position in GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after buying an additional 65,595,733 shares in the last quarter. Norges Bank acquired a new position in GE Aerospace in the 4th quarter valued at approximately $4,444,736,000. Corient Private Wealth LLC raised its holdings in GE Aerospace by 382.1% in the 4th quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock valued at $849,325,000 after acquiring an additional 2,185,321 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of GE Aerospace by 1,200.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock worth $568,935,000 after acquiring an additional 1,705,005 shares during the period. Finally, Diamant Asset Management Inc. lifted its position in shares of GE Aerospace by 28,277.0% in the 1st quarter. Diamant Asset Management Inc. now owns 1,083,434 shares of the company’s stock worth $307,446,000 after acquiring an additional 1,079,616 shares during the period. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GE shares. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Seaport Research Partners began coverage on GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price for the company. UBS Group decreased their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. TD Cowen lowered their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Morgan Stanley lowered their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $357.56.

GE Aerospace Stock Down 2.9%

NYSE GE opened at $356.30 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average is $327.82 and its two-hundred day moving average is $316.58. The company has a market capitalization of $371.74 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 3.25 and a beta of 1.35. GE Aerospace has a 1-year low of $246.75 and a 1-year high of $382.97.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company posted $1.49 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts forecast that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio is 23.15%.

GE Aerospace Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.