Caldwell Trust Co Acquires New Stake in GE Aerospace $GE

Caldwell Trust Co bought a new position in GE Aerospace (NYSE:GE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,360 shares of the company’s stock, valued at approximately $1,122,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bare Financial Services Inc lifted its holdings in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 43 shares during the period. Lavaca Capital LLC grew its holdings in GE Aerospace by 1,666.7% during the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Nova Wealth Management Inc. bought a new stake in GE Aerospace in the first quarter worth about $29,000. IMG Wealth Management Inc. raised its position in 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 in the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $30,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday. Wolfe Research raised their price objective on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, 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 report on Monday, September 22nd. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $309.94.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

GE Aerospace Stock Up 0.6%

Shares of NYSE:GE opened at $301.48 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market cap of $318.00 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 2.31 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The firm has a 50 day simple moving average of $299.62 and a 200 day simple moving average of $278.88.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the previous year, the company posted $1.15 EPS. The company’s quarterly 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. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s payout ratio is presently 19.23%.

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.