Danaher Corporation $DHR Stock Holdings Lessened by Compass Capital Management Inc.

Compass Capital Management Inc. decreased its position in Danaher Corporation (NYSE:DHR) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,722 shares of the conglomerate’s stock after selling 14,015 shares during the quarter. Danaher makes up 3.5% of Compass Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Compass Capital Management Inc.’s holdings in Danaher were worth $62,660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Qtron Investments LLC increased its position in shares of Danaher by 8.8% in the fourth quarter. Qtron Investments LLC now owns 4,648 shares of the conglomerate’s stock valued at $1,064,000 after acquiring an additional 376 shares during the period. Cowa LLC increased its position in shares of Danaher by 19.6% in the fourth quarter. Cowa LLC now owns 2,935 shares of the conglomerate’s stock valued at $672,000 after acquiring an additional 482 shares during the period. Xponance LLC increased its position in shares of Danaher by 4.9% in the fourth quarter. Xponance LLC now owns 102,611 shares of the conglomerate’s stock valued at $23,490,000 after acquiring an additional 4,822 shares during the period. Canopy Partners LLC increased its position in shares of Danaher by 9.6% in the fourth quarter. Canopy Partners LLC now owns 2,605 shares of the conglomerate’s stock valued at $596,000 after acquiring an additional 229 shares during the period. Finally, IFM Investors Pty Ltd increased its position in shares of Danaher by 0.7% in the fourth quarter. IFM Investors Pty Ltd now owns 129,510 shares of the conglomerate’s stock valued at $29,647,000 after acquiring an additional 847 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DHR. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. HSBC decreased their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Royal Bank Of Canada began coverage on shares of Danaher in a research report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Danaher currently has an average rating of “Moderate Buy” and an average target price of $233.61.

Danaher Price Performance

Shares of NYSE DHR opened at $180.65 on Friday. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The company’s 50-day moving average is $181.15 and its 200 day moving average is $204.96. The stock has a market capitalization of $127.86 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.45 and a beta of 0.81.

Danaher (NYSE:DHR) last announced its quarterly earnings results 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 net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. Danaher’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side 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. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

Danaher Company Profile

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.