Ervin Investment Management LLC Increases Position in GE HealthCare Technologies Inc. $GEHC

Ervin Investment Management LLC increased its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 846.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,915 shares of the company’s stock after purchasing an additional 26,753 shares during the quarter. GE HealthCare Technologies accounts for 1.1% of Ervin Investment Management LLC’s investment portfolio, making the stock its 16th largest position. Ervin Investment Management LLC’s holdings in GE HealthCare Technologies were worth $2,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Dodge & Cox increased its holdings in shares of GE HealthCare Technologies by 16.8% in the 3rd quarter. Dodge & Cox now owns 27,517,311 shares of the company’s stock valued at $2,066,550,000 after purchasing an additional 3,949,361 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of GE HealthCare Technologies by 25.0% in the 3rd quarter. Capital Research Global Investors now owns 24,972,556 shares of the company’s stock valued at $1,875,400,000 after purchasing an additional 4,998,154 shares in the last quarter. State Street Corp increased its holdings in shares of GE HealthCare Technologies by 1.9% in the 2nd quarter. State Street Corp now owns 19,660,742 shares of the company’s stock valued at $1,456,271,000 after purchasing an additional 372,755 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of GE HealthCare Technologies by 17.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,432,374 shares of the company’s stock valued at $633,271,000 after purchasing an additional 1,232,828 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of GE HealthCare Technologies by 8.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,362,717 shares of the company’s stock valued at $402,647,000 after purchasing an additional 438,439 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GEHC. Piper Sandler raised their target price 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. Wells Fargo & Company raised their target price on shares of GE HealthCare Technologies from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. BTIG Research restated a “buy” rating and set a $91.00 target price on shares of GE HealthCare Technologies in a report on Thursday, March 19th. UBS Group downgraded shares of GE HealthCare Technologies from a “neutral” rating to a “sell” rating and raised their target price for the company from $73.00 to $77.00 in a report on Thursday, January 15th. Finally, Citigroup dropped their target price on shares of GE HealthCare Technologies from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GE HealthCare Technologies currently has an average rating of “Hold” and a consensus target price of $92.17.

GE HealthCare Technologies Stock Performance

NASDAQ:GEHC opened at $69.73 on Wednesday. GE HealthCare Technologies Inc. has a twelve month low of $57.65 and a twelve month high of $89.77. The company has a market capitalization of $31.82 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The firm has a 50-day moving average price of $76.48 and a two-hundred day moving average price of $77.98. The company has a current ratio of 1.37, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

GE HealthCare Technologies (NASDAQ:GEHC) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.04. GE HealthCare Technologies had a net margin of 10.11% and a return on equity of 21.35%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same period last year, the company earned $1.45 EPS. The firm’s revenue for the quarter 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, research analysts expect that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

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

GE HealthCare Technologies 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.