Welch & Forbes LLC decreased its holdings in shares of Danaher Co. (NYSE:DHR) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 740,873 shares of the conglomerate’s stock after selling 1,353 shares during the period. Danaher makes up approximately 2.2% of Welch & Forbes LLC’s investment portfolio, making the stock its 10th largest holding. Welch & Forbes LLC owned 0.11% of Danaher worth $76,399,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc boosted its position in Danaher by 1.4% in the third quarter. Vanguard Group Inc now owns 44,738,984 shares of the conglomerate’s stock valued at $4,861,338,000 after buying an additional 605,018 shares during the last quarter. BlackRock Inc. boosted its position in Danaher by 0.9% in the third quarter. BlackRock Inc. now owns 43,427,529 shares of the conglomerate’s stock valued at $4,718,836,000 after buying an additional 396,818 shares during the last quarter. FMR LLC boosted its position in Danaher by 3.5% in the third quarter. FMR LLC now owns 21,739,751 shares of the conglomerate’s stock valued at $2,362,241,000 after buying an additional 728,725 shares during the last quarter. Putnam Investments LLC boosted its position in Danaher by 1.4% in the third quarter. Putnam Investments LLC now owns 6,476,522 shares of the conglomerate’s stock valued at $703,739,000 after buying an additional 91,519 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its position in Danaher by 3.2% in the third quarter. Flossbach Von Storch AG now owns 5,729,830 shares of the conglomerate’s stock valued at $622,603,000 after buying an additional 180,025 shares during the last quarter. Institutional investors and hedge funds own 77.79% of the company’s stock.
A number of brokerages recently commented on DHR. Robert W. Baird dropped their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Danaher in a research report on Monday, January 7th. Needham & Company LLC began coverage on Danaher in a research report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $102.00 target price on shares of Danaher in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Danaher has an average rating of “Buy” and an average target price of $113.08.
NYSE:DHR traded up $0.67 during trading hours on Tuesday, reaching $110.35. The company had a trading volume of 211,118 shares, compared to its average volume of 2,413,899. Danaher Co. has a 1-year low of $94.04 and a 1-year high of $111.10. The company has a market capitalization of $76.88 billion, a PE ratio of 24.41, a PEG ratio of 2.01 and a beta of 0.99. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34.
Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the company posted $1.19 earnings per share. Danaher’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that Danaher Co. will post 4.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, December 28th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, December 27th. Danaher’s payout ratio is presently 14.16%.
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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