Plato Investment Management Ltd Sells 2,048 Shares of GE Aerospace $GE

Plato Investment Management Ltd trimmed its position in shares of GE Aerospace (NYSE:GE) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,606 shares of the company’s stock after selling 2,048 shares during the period. GE Aerospace accounts for approximately 0.6% of Plato Investment Management Ltd’s portfolio, making the stock its 28th largest holding. Plato Investment Management Ltd’s holdings in GE Aerospace were worth $7,849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GE. IMA Advisory Services Inc. bought a new position in GE Aerospace during the first quarter valued at $28,000. Nova Wealth Management Inc. bought a new position in GE Aerospace during the first quarter valued at $29,000. IMG Wealth Management Inc. boosted its holdings in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares during the period. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace in the first quarter worth $30,000. Finally, POM Investment Strategies LLC boosted its holdings in shares of GE Aerospace by 1,078.6% in the first quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 151 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Trading Down 0.5%

Shares of GE stock opened at $309.09 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a market capitalization of $326.03 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. The business’s fifty day moving average is $293.60 and its 200 day moving average is $260.25.

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

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

A number of research firms have recently commented on GE. Citigroup reaffirmed a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. TD Cowen raised their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Jefferies Financial Group raised their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Wolfe Research raised their price target on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, The Goldman Sachs Group raised their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.27.

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.