Bristol Gate Capital Partners Inc. Has $109.61 Million Stake in GE Aerospace $GE

Bristol Gate Capital Partners Inc. decreased its holdings in GE Aerospace (NYSE:GE) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 425,841 shares of the company’s stock after selling 98,869 shares during the quarter. GE Aerospace accounts for 6.2% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its biggest holding. Bristol Gate Capital Partners Inc.’s holdings in GE Aerospace were worth $109,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in GE Aerospace during the second quarter worth $3,408,828,000. GQG Partners LLC purchased a new stake in shares of GE Aerospace in the first quarter valued at about $1,606,840,000. Nuveen LLC bought a new position in shares of GE Aerospace during the first quarter valued at about $777,075,000. Amundi grew its position in GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after purchasing an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $298.27 on Friday. The firm has a market capitalization of $314.62 billion, a PE ratio of 39.82, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $301.68 and a two-hundred day moving average price of $274.31. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the company posted $1.15 EPS. GE Aerospace’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. Equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 19.23%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GE shares. BNP Paribas raised GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Jefferies Financial Group lifted their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. TD Cowen raised their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Wolfe Research boosted their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

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.