Boston Trust Walden Corp Increases Stock Position in Baker Hughes (NASDAQ:BKR)

Boston Trust Walden Corp lifted its holdings in Baker Hughes (NASDAQ:BKR) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,965 shares of the company’s stock after buying an additional 685 shares during the quarter. Boston Trust Walden Corp’s holdings in Baker Hughes were worth $17,883,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Resonant Capital Advisors LLC bought a new position in shares of Baker Hughes during the fourth quarter valued at $226,000. JB Capital LLC increased its stake in Baker Hughes by 4.9% during the 4th quarter. JB Capital LLC now owns 80,602 shares of the company’s stock valued at $3,306,000 after purchasing an additional 3,757 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in Baker Hughes by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 138,308 shares of the company’s stock worth $5,662,000 after buying an additional 1,653 shares during the last quarter. Greenleaf Trust raised its holdings in Baker Hughes by 4.1% in the fourth quarter. Greenleaf Trust now owns 13,559 shares of the company’s stock worth $556,000 after buying an additional 535 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Baker Hughes during the fourth quarter valued at approximately $209,000. 92.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BKR shares. Benchmark restated a “buy” rating and issued a $42.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Citigroup boosted their price target on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Barclays boosted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, TD Cowen lowered their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

Baker Hughes Trading Up 2.6 %

Shares of NASDAQ:BKR opened at $47.40 on Tuesday. The stock has a 50 day moving average of $43.03 and a 200 day moving average of $39.12. The company has a market cap of $46.90 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.60. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, equities research analysts expect that Baker Hughes will post 2.55 EPS for the current year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio is presently 28.19%.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.