Marble Harbor Investment Counsel LLC Has $11 Million Position in General Electric (GE)

Marble Harbor Investment Counsel LLC boosted its holdings in General Electric (NYSE:GE) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,965 shares of the conglomerate’s stock after acquiring an additional 18,391 shares during the quarter. General Electric accounts for 2.2% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 17th largest position. Marble Harbor Investment Counsel LLC’s holdings in General Electric were worth $11,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Toronto Dominion Bank increased its position in shares of General Electric by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,375,683 shares of the conglomerate’s stock valued at $91,179,000 after purchasing an additional 593,686 shares during the period. Warren Averett Asset Management LLC increased its position in shares of General Electric by 7.0% during the 2nd quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock valued at $2,805,000 after purchasing an additional 6,799 shares during the period. Palouse Capital Management Inc. increased its position in shares of General Electric by 5.4% during the 3rd quarter. Palouse Capital Management Inc. now owns 190,591 shares of the conglomerate’s stock valued at $4,608,000 after purchasing an additional 9,755 shares during the period. Destination Wealth Management increased its position in shares of General Electric by 5.6% during the 2nd quarter. Destination Wealth Management now owns 775,177 shares of the conglomerate’s stock valued at $20,938,000 after purchasing an additional 41,100 shares during the period. Finally, Rockland Trust Co. increased its position in shares of General Electric by 8.6% during the 2nd quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock valued at $5,552,000 after purchasing an additional 16,309 shares during the period. Hedge funds and other institutional investors own 55.44% of the company’s stock.

GE has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 1st. Vertical Research set a $18.00 price target on General Electric and gave the company a “hold” rating in a research report on Tuesday, January 16th. UBS Group initiated coverage on General Electric in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $17.00 price target on the stock. TheStreet cut General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Finally, Citigroup set a $25.00 price target on General Electric and gave the company a “buy” rating in a research report on Tuesday, November 14th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. General Electric presently has a consensus rating of “Hold” and a consensus price target of $21.31.

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

Shares of General Electric (NYSE:GE) opened at $14.94 on Friday. The company has a market capitalization of $125,311.63, a price-to-earnings ratio of -20.75, a PEG ratio of 2.74 and a beta of 0.93. 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 has a 12-month low of $14.23 and a 12-month high of $30.59.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be given a $0.12 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. General Electric’s dividend payout ratio (DPR) is presently -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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