Captrust Financial Advisors bought a new position in shares of Danaher Co. (NYSE:DHR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 70,269 shares of the conglomerate’s stock, valued at approximately $6,532,000.
A number of other hedge funds also recently made changes to their positions in the business. North American Management Corp lifted its position in shares of Danaher by 0.4% during the fourth quarter. North American Management Corp now owns 123,093 shares of the conglomerate’s stock worth $11,426,000 after purchasing an additional 512 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Danaher by 0.3% during the fourth quarter. Chesley Taft & Associates LLC now owns 161,450 shares of the conglomerate’s stock worth $14,986,000 after purchasing an additional 519 shares in the last quarter. FTB Advisors Inc. lifted its position in shares of Danaher by 14.9% during the fourth quarter. FTB Advisors Inc. now owns 4,064 shares of the conglomerate’s stock worth $386,000 after purchasing an additional 528 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Danaher by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 13,374 shares of the conglomerate’s stock worth $1,241,000 after purchasing an additional 548 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Danaher by 10.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 6,077 shares of the conglomerate’s stock worth $562,000 after purchasing an additional 560 shares in the last quarter. 77.83% of the stock is owned by institutional investors.
Several analysts have recently issued reports on the stock. Credit Suisse Group reissued a “neutral” rating on shares of Danaher in a research report on Friday. Morgan Stanley raised their target price on shares of Danaher from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Evercore ISI assumed coverage on shares of Danaher in a report on Wednesday, January 3rd. They issued an “outperform” rating on the stock. Argus raised their target price on shares of Danaher from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research cut shares of Danaher from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $101.23.
Danaher Co. (NYSE:DHR) opened at $103.40 on Tuesday. The company has a market cap of $72,365.85, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.18 and a beta of 1.03. Danaher Co. has a one year low of $78.97 and a one year high of $104.82. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39.
Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 30th. The conglomerate reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.97 billion. Danaher had a net margin of 13.60% and a return on equity of 11.36%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. equities research analysts anticipate that Danaher Co. will post 4.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be paid a $0.16 dividend. This is a positive change from Danaher’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, March 28th. Danaher’s dividend payout ratio is currently 15.86%.
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Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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