GRIMES & Co WEALTH MANAGEMENT LLC Raises Stock Holdings in GE Aerospace $GE

GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in GE Aerospace (NYSE:GE) by 27.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,421 shares of the company’s stock after purchasing an additional 3,742 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in GE Aerospace were worth $5,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Bare Financial Services Inc raised its stake in shares of GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Marquette Asset Management LLC acquired a new position in shares of GE Aerospace during the third quarter worth $26,000. Lavaca Capital LLC lifted its holdings in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Barnes Dennig Private Wealth Management LLC boosted its position in shares of GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 53 shares in the last quarter. Finally, IMG Wealth Management Inc. increased its position in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Stock Up 0.8%

NYSE:GE opened at $324.18 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company’s fifty day moving average price is $303.59 and its 200-day moving average price is $288.60. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $332.79. The firm has a market capitalization of $341.95 billion, a P/E ratio of 43.28, a PEG ratio of 2.20 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

GE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Wolfe Research raised their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. TD Cowen boosted their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace Company 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.