Geode Capital Management LLC Has $3.14 Billion Stock Holdings in Danaher Corporation $DHR

Geode Capital Management LLC lessened its holdings in Danaher Corporation (NYSE:DHR) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,774,442 shares of the conglomerate’s stock after selling 74,970 shares during the quarter. Geode Capital Management LLC owned 1.95% of Danaher worth $3,138,427,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DHR. Capital International Investors increased its holdings in Danaher by 1.9% in the 3rd quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock worth $3,318,926,000 after purchasing an additional 312,951 shares in the last quarter. Generation Investment Management LLP boosted its stake in shares of Danaher by 34.0% during the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Danaher by 1.0% during the fourth quarter. Legal & General Group Plc now owns 4,495,287 shares of the conglomerate’s stock valued at $1,029,061,000 after purchasing an additional 43,169 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Danaher by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 4,446,976 shares of the conglomerate’s stock valued at $1,018,002,000 after purchasing an additional 77,757 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Danaher by 104.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock valued at $991,923,000 after purchasing an additional 2,216,789 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DHR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Wall Street Zen lowered Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Guggenheim cut their price target on Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company cut their price target on Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group cut their price target on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.24.

Danaher Stock Performance

DHR stock opened at $173.22 on Thursday. The stock has a 50-day moving average price of $182.58 and a 200-day moving average price of $207.86. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The firm has a market cap of $122.60 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the company posted $1.88 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s payout ratio is 30.95%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.