Donaldson Capital Management LLC reduced its position in General Electric (NYSE:GE) by 29.6% during the third quarter, HoldingsChannel.com reports. The firm owned 17,032 shares of the conglomerate’s stock after selling 7,166 shares during the period. Donaldson Capital Management LLC’s holdings in General Electric were worth $412,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MPS Loria Financial Planners LLC purchased a new position in shares of General Electric during the second quarter worth approximately $113,000. Ffcm LLC purchased a new position in shares of General Electric during the second quarter worth approximately $114,000. Corbenic Partners LLC increased its position in shares of General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 725 shares during the period. Bristlecone Advisors LLC purchased a new position in shares of General Electric during the third quarter worth approximately $164,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of General Electric during the third quarter worth approximately $204,000. 54.98% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Citigroup set a $28.00 target price on shares of General Electric and gave the stock a “buy” rating in a research report on Monday, October 23rd. UBS Group downgraded shares of General Electric from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $24.00 in a research note on Monday, October 23rd. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price objective on the stock. in a research note on Wednesday, January 10th. Royal Bank of Canada downgraded shares of General Electric from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $25.00 to $20.00 in a research note on Tuesday, November 14th. Finally, Deutsche Bank dropped their price objective on shares of General Electric from $18.00 to $15.00 and set a “sell” rating on the stock in a research note on Tuesday, November 21st. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.20.

In related news, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the acquisition, the director now owns 5,500 shares in the company, valued at approximately $100,320. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John Leonard Flannery purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the acquisition, the chairman now owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 124,370 shares of company stock valued at $2,245,570. 0.36% of the stock is owned by insiders.

Shares of General Electric (NYSE:GE) opened at $14.82 on Tuesday. The firm has a market cap of $129,560.95, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. General Electric has a one year low of $14.23 and a one year high of $30.59. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09.

General Electric (NYSE:GE) last announced its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. General Electric’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. equities research analysts anticipate that General Electric will post 0.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.24%. General Electric’s dividend payout ratio (DPR) is -66.67%.

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General Electric Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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