From MarketBeat:

Grandfield & Dodd LLC increased their stake in General Electric by 30.7% in the third quarter, holding 246,785 shares of GE valued at $27,282,000 as of its recent SEC filing. Other hedge funds have also significantly increased their holdings in General Electric.

General Electric’s stock traded up 1.3% during mid-day trading on Friday, reaching $126.29. The company has a market capitalization of $137.45 billion, with a 12 month low of $70.75 and a 12 month high of $129.20.

General Electric last issued its earnings results on Tuesday, October 24th, reporting a $0.82 EPS for the quarter, surpassing analysts’ consensus estimates of $0.56 by $0.26. The company’s revenue for the quarter was $17.35 billion.

General Electric also announced a quarterly dividend of $0.08 per share, with an annualized basis of $0.32 and a dividend yield of 0.25%. The dividend payout ratio is 3.61%.

Analysts have given General Electric various ratings, with the company presently having a consensus rating of “Moderate Buy” and a consensus target price of $130.43.

General Electric Company operates as a high-tech industrial company, offering a variety of products and solutions, including gas and steam turbines, power generation, and industrial software services.



Read more: Grandfield & Dodd LLC Acquires 58,022 Shares of General Electric (NYSE:GE)