Fiduciary Trust Co Has $3.63 Million Stake in GE Aerospace (NYSE:GE)

Fiduciary Trust Co increased its stake in GE Aerospace (NYSE:GE) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,753 shares of the company’s stock after purchasing an additional 637 shares during the quarter. Fiduciary Trust Co’s holdings in GE Aerospace were worth $3,628,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $733,000. Chung Wu Investment Group LLC bought a new position in GE Aerospace in the fourth quarter valued at approximately $795,000. National Bank of Canada FI increased its position in shares of GE Aerospace by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock worth $177,535,000 after purchasing an additional 29,844 shares during the last quarter. National Pension Service raised its stake in shares of GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company’s stock worth $376,051,000 after purchasing an additional 37,884 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in shares of GE Aerospace by 28.4% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 25,808 shares of the company’s stock valued at $4,305,000 after buying an additional 5,710 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GE shares. Bank of America upped their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. Redburn Atlantic assumed coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One 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 an average rating of “Moderate Buy” and an average target price of $216.92.

GE Aerospace Stock Up 0.2 %

NYSE GE opened at $214.83 on Friday. The company has a market cap of $229.09 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.59 and a beta of 1.31. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $216.80. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $195.24 and a 200-day moving average of $187.87.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

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

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. The trade was a 15.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

GE Aerospace Company 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.