Focus Partners Wealth Has $22.18 Million Holdings in GE Aerospace (NYSE:GE)

Focus Partners Wealth lifted its holdings in GE Aerospace (NYSE:GE) by 37.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,696 shares of the company’s stock after acquiring an additional 34,490 shares during the period. Focus Partners Wealth’s holdings in GE Aerospace were worth $22,182,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Johnson & White Wealth Management LLC bought a new stake in GE Aerospace during the fourth quarter worth about $733,000. Chung Wu Investment Group LLC bought a new position in shares of GE Aerospace in the fourth quarter worth about $795,000. National Bank of Canada FI lifted its holdings in shares of GE Aerospace by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock worth $177,535,000 after acquiring an additional 29,844 shares during the last quarter. National Pension Service lifted its holdings in shares of GE Aerospace by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the company’s stock worth $376,051,000 after acquiring an additional 37,884 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its holdings in shares of GE Aerospace by 28.4% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 25,808 shares of the company’s stock worth $4,305,000 after acquiring an additional 5,710 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $214.83 on Monday. The company has a market capitalization of $229.09 billion, a PE ratio of 35.86, a P/E/G ratio of 2.59 and a beta of 1.31. The company has a 50 day simple moving average of $195.24 and a two-hundred day simple moving average of $187.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $221.30.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, March 10th. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. GE Aerospace’s dividend payout ratio is currently 22.40%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GE shares. Northcoast Research raised shares of GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a report on Wednesday, April 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $220.00 target price on shares of GE Aerospace in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Bank of America upped their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price objective on GE Aerospace from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.92.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.