Baker Hughes Company $BKR Stock Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp increased its stake in Baker Hughes Company (NASDAQ:BKR) by 37.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,970 shares of the company’s stock after purchasing an additional 18,481 shares during the period. Boston Trust Walden Corp’s holdings in Baker Hughes were worth $3,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BKR. Amundi raised its holdings in shares of Baker Hughes by 28.2% in the first quarter. Amundi now owns 10,946,464 shares of the company’s stock valued at $668,282,000 after purchasing an additional 2,409,978 shares during the last quarter. First Trust Advisors LP grew its position in Baker Hughes by 4.0% in the first quarter. First Trust Advisors LP now owns 9,663,737 shares of the company’s stock valued at $589,971,000 after purchasing an additional 374,974 shares in the last quarter. Bank of New York Mellon Corp grew its position in Baker Hughes by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 6,738,599 shares of the company’s stock valued at $411,391,000 after purchasing an additional 119,388 shares in the last quarter. Perpetual Ltd increased its stake in Baker Hughes by 24.0% in the 3rd quarter. Perpetual Ltd now owns 3,958,604 shares of the company’s stock valued at $217,327,000 after buying an additional 765,582 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Baker Hughes by 5.1% in the 1st quarter. Bank of America Corp DE now owns 3,837,618 shares of the company’s stock valued at $234,287,000 after buying an additional 184,897 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Insider Transactions at Baker Hughes

In other Baker Hughes news, Director John Rice acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was bought at an average cost of $53.10 per share, with a total value of $531,000.00. Following the completion of the transaction, the director directly owned 77,315 shares in the company, valued at approximately $4,105,426.50. This represents a 14.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Baker Hughes Stock Performance

Shares of BKR opened at $47.87 on Friday. The company has a market cap of $47.52 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.55 and a beta of 1.07. The firm has a 50-day moving average of $56.92 and a 200-day moving average of $60.03. Baker Hughes Company has a one year low of $44.26 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 0.90.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.74 billion. During the same period in the prior year, the firm earned $0.68 EPS. Baker Hughes’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts forecast that Baker Hughes Company will post 2.56 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 annualized dividend and a yield of 1.9%. Baker Hughes’s dividend payout ratio is currently 31.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BKR shares. Stifel Nicolaus increased their price objective on shares of Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group assumed coverage on Baker Hughes in a research report on Tuesday, September 29th. They issued a “buy” rating and a $71.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Baker Hughes in a report on Friday, October 9th. Piper Sandler reduced their price target on Baker Hughes from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Finally, Barclays decreased their price target on Baker Hughes from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides products and services to the oil and gas industry and other industrial markets. Its offerings include equipment and services used across the energy value chain, from exploration and production to transportation and processing.

The company also develops turbomachinery, industrial equipment, digital technologies and solutions for energy and industrial applications. Its portfolio includes technologies designed to support more efficient operations and lower-emissions energy systems.

Baker Hughes serves customers around the world.