Securian Asset Management Inc boosted its position in Danaher Co. (NYSE:DHR) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,391 shares of the conglomerate’s stock after purchasing an additional 1,128 shares during the period. Securian Asset Management Inc’s holdings in Danaher were worth $6,537,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in DHR. Nissay Asset Management Corp Japan ADV raised its stake in shares of Danaher by 2.4% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 71,651 shares of the conglomerate’s stock worth $7,786,000 after buying an additional 1,651 shares during the period. Inverness Counsel LLC NY raised its stake in Danaher by 0.5% during the 3rd quarter. Inverness Counsel LLC NY now owns 416,828 shares of the conglomerate’s stock valued at $45,293,000 after purchasing an additional 1,951 shares during the period. First Midwest Bank Trust Division raised its stake in Danaher by 18.2% during the 3rd quarter. First Midwest Bank Trust Division now owns 6,462 shares of the conglomerate’s stock valued at $702,000 after purchasing an additional 993 shares during the period. Bainco International Investors raised its stake in Danaher by 2.6% during the 3rd quarter. Bainco International Investors now owns 66,878 shares of the conglomerate’s stock valued at $7,267,000 after purchasing an additional 1,725 shares during the period. Finally, Roundview Capital LLC raised its stake in Danaher by 126.8% during the 3rd quarter. Roundview Capital LLC now owns 8,633 shares of the conglomerate’s stock valued at $938,000 after purchasing an additional 4,826 shares during the period. 77.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of DHR opened at $109.25 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.47. Danaher Co. has a 12-month low of $91.84 and a 12-month high of $111.10. The company has a market cap of $76.57 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.
Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the company posted $1.19 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Danaher Co. will post 4.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, December 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, December 27th. Danaher’s payout ratio is 14.16%.
Several analysts recently issued reports on DHR shares. Royal Bank of Canada reissued a “hold” rating and set a $102.00 target price on shares of Danaher in a research note on Wednesday, December 19th. Needham & Company LLC started coverage on Danaher in a research note on Wednesday, January 2nd. They set a “buy” rating and a $114.00 target price on the stock. Cowen reissued a “buy” rating and set a $110.00 target price on shares of Danaher in a research note on Monday, January 7th. Finally, Robert W. Baird decreased their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.08.
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Danaher Company Profile
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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