Capital World Investors Raises Position in Danaher Corporation $DHR

Capital World Investors lifted its stake in Danaher Corporation (NYSE:DHR) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,865 shares of the conglomerate’s stock after buying an additional 3,856 shares during the period. Capital World Investors owned approximately 0.07% of Danaher worth $112,827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Research Global Investors boosted its position in shares of Danaher by 0.4% in the fourth quarter. Capital Research Global Investors now owns 575,575 shares of the conglomerate’s stock worth $131,761,000 after buying an additional 2,181 shares during the period. Capital International Inc. CA boosted its position in shares of Danaher by 4.9% in the fourth quarter. Capital International Inc. CA now owns 285,758 shares of the conglomerate’s stock worth $65,416,000 after buying an additional 13,398 shares during the period. Capital International Investors boosted its position in shares of Danaher by 8.9% in the fourth quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock worth $4,177,386,000 after buying an additional 1,487,768 shares during the period. Tradition Wealth Management LLC acquired a new position in shares of Danaher in the fourth quarter worth about $226,000. Finally, Modus Advisors LLC acquired a new position in shares of Danaher in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DHR shares. Robert W. Baird cut their price target on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. DZ Bank started coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price target on the stock. Royal Bank Of Canada started coverage on Danaher in a research note on Thursday, May 14th. They issued an “outperform” rating and a $200.00 price target on the stock. 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. Finally, HSBC cut their price target on Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average target price of $235.14.

Danaher Trading Down 0.5%

Shares of NYSE DHR opened at $183.47 on Tuesday. The stock’s 50 day moving average price is $181.19 and its two-hundred day moving average price is $205.80. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The stock has a market capitalization of $129.85 billion, a P/E ratio of 35.49, a PEG ratio of 2.46 and a beta of 0.81. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Danaher’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.9%. Danaher’s dividend payout ratio is presently 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.