Piscataqua Savings Bank Invests $119,000 in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Piscataqua Savings Bank acquired a new stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,469 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Czech National Bank purchased a new stake in GE HealthCare Technologies during the second quarter worth about $3,750,000. Sanders Morris Harris LLC purchased a new stake in GE HealthCare Technologies in the 2nd quarter valued at approximately $201,000. Maryland State Retirement & Pension System acquired a new stake in GE HealthCare Technologies during the 2nd quarter valued at $2,419,000. Bard Financial Services Inc. purchased a new position in GE HealthCare Technologies during the second quarter worth $598,000. Finally, Boit C F David acquired a new position in shares of GE HealthCare Technologies in the second quarter worth $102,000. Institutional investors and hedge funds own 79.18% of the company’s stock.

Insider Activity at GE HealthCare Technologies

In other news, CEO Kevin Michael O’neill sold 15,609 shares of the business’s 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 completion of the sale, the chief executive officer now 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 Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Argus assumed coverage on GE HealthCare Technologies in a research report on Friday, August 25th. They set a “buy” rating and a $80.00 price objective for the company. Citigroup assumed coverage on shares of GE HealthCare Technologies in a report on Tuesday. They set a “buy” rating and a $82.00 price target for the company. Bank of America initiated coverage on shares of GE HealthCare Technologies in a research report on Monday, July 31st. They set a “neutral” rating and a $82.00 target price on the stock. Morgan Stanley started coverage on GE HealthCare Technologies in a research report on Tuesday, June 27th. They set an “equal weight” rating on the stock. Finally, Wells Fargo & Company assumed coverage on GE HealthCare Technologies in a report on Wednesday, August 16th. They issued an “overweight” rating and a $90.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.44.

GE HealthCare Technologies Trading Down 0.2 %

GE HealthCare Technologies stock opened at $66.28 on Tuesday. GE HealthCare Technologies Inc. has a 12-month low of $53.00 and a 12-month high of $87.83. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average price is $73.08 and its 200 day moving average price is $77.01.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its earnings results on Tuesday, July 25th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.79 billion. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts anticipate that GE HealthCare Technologies Inc. will post 3.8 earnings per share for the current fiscal year.

GE HealthCare Technologies Announces Dividend

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

About GE HealthCare Technologies

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.