Teachers Retirement System of The State of Kentucky lowered its position in shares of Danaher Co. (NYSE:DHR) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,417 shares of the conglomerate’s stock after selling 13,670 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Danaher were worth $11,362,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in shares of Danaher during the fourth quarter valued at approximately $114,000. First Personal Financial Services raised its holdings in shares of Danaher by 128.9% during the fourth quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 691 shares during the last quarter. Zions Bancorporation raised its holdings in shares of Danaher by 118.3% during the third quarter. Zions Bancorporation now owns 1,231 shares of the conglomerate’s stock valued at $106,000 after acquiring an additional 667 shares during the last quarter. Truewealth LLC acquired a new position in shares of Danaher during the fourth quarter valued at approximately $121,000. Finally, Resources Investment Advisors Inc. raised its holdings in shares of Danaher by 661.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,530 shares of the conglomerate’s stock valued at $142,000 after acquiring an additional 1,329 shares during the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on DHR shares. Stifel Nicolaus increased their target price on Danaher from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Cowen restated a “buy” rating and issued a $110.00 price target on shares of Danaher in a research report on Tuesday, January 30th. UBS Group assumed coverage on Danaher in a research report on Monday, January 22nd. They issued a “buy” rating and a $99.97 price target for the company. Robert W. Baird restated a “buy” rating on shares of Danaher in a research report on Friday, January 12th. Finally, Citigroup upped their price target on Danaher to $107.00 and gave the company a “buy” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $101.40.
Danaher Co. (NYSE:DHR) opened at $102.80 on Wednesday. The firm has a market capitalization of $72,128.68, a P/E ratio of 29.12, a P/E/G ratio of 2.17 and a beta of 1.03. Danaher Co. has a 52-week low of $78.97 and a 52-week high of $104.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.03. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.97 billion. Danaher had a return on equity of 11.36% and a net margin of 13.60%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. analysts anticipate that Danaher Co. will post 4.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, March 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.62%. This is a positive change from Danaher’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 28th. Danaher’s dividend payout ratio is presently 15.86%.
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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