Rep. Warren Davidson Sells Off Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Representative Warren Davidson (Republican-Ohio) recently sold shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC). In a filing disclosed on March 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in GE HealthCare Technologies stock on March 23rd.

GE HealthCare Technologies Stock Down 0.9%

Shares of GE HealthCare Technologies stock opened at $71.54 on Friday. The company has a market cap of $32.64 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.59 and a beta of 1.03. GE HealthCare Technologies Inc. has a 1 year low of $57.65 and a 1 year high of $89.77. The company has a current ratio of 1.37, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $78.16 and a 200 day moving average price of $78.33.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its earnings results on Wednesday, February 4th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.04. GE HealthCare Technologies had a return on equity of 21.35% and a net margin of 10.11%.The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. GE HealthCare Technologies has set its FY 2026 guidance at 4.950-5.150 EPS. As a group, analysts expect that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 3rd will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, April 2nd. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Upgrades and Downgrades

GEHC has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of GE HealthCare Technologies from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Citigroup lowered their price target on GE HealthCare Technologies from $88.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Morgan Stanley upped their target price on GE HealthCare Technologies from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Piper Sandler boosted their price target on shares of GE HealthCare Technologies from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Wells Fargo & Company increased their price objective on shares of GE HealthCare Technologies from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GEHC. Western Wealth Management LLC lifted its position in GE HealthCare Technologies by 2.4% during the 4th quarter. Western Wealth Management LLC now owns 5,240 shares of the company’s stock valued at $430,000 after purchasing an additional 125 shares during the period. United Community Bank grew its holdings in GE HealthCare Technologies by 10.2% during the 4th quarter. United Community Bank now owns 1,410 shares of the company’s stock worth $116,000 after acquiring an additional 130 shares during the period. Parkside Financial Bank & Trust raised its position in shares of GE HealthCare Technologies by 3.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,567 shares of the company’s stock valued at $293,000 after acquiring an additional 134 shares during the last quarter. Thoma Capital Management LLC raised its position in shares of GE HealthCare Technologies by 1.4% during the 4th quarter. Thoma Capital Management LLC now owns 9,918 shares of the company’s stock valued at $814,000 after acquiring an additional 136 shares during the last quarter. Finally, True North Advisors LLC lifted its stake in shares of GE HealthCare Technologies by 2.0% in the 3rd quarter. True North Advisors LLC now owns 6,987 shares of the company’s stock valued at $525,000 after purchasing an additional 139 shares during the period. Institutional investors own 82.06% of the company’s stock.

About Representative Davidson

Warren Davidson (Republican Party) is a member of the U.S. House, representing Ohio’s 8th Congressional District. He assumed office on June 9, 2016. His current term ends on January 3, 2027.

Davidson (Republican Party) ran for re-election to the U.S. House to represent Ohio’s 8th Congressional District. He won in the general election on November 5, 2024.

Davidson received his undergraduate degree from West Point and his MBA from Notre Dame. He served in the Old Guard, 75th Ranger Regiment and 101st Airborne Division of the U.S. Army.

GE HealthCare Technologies Company Profile

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.