Deutsche Bank AG Has $537.80 Million Stock Holdings in Danaher Corporation $DHR

Deutsche Bank AG raised its stake in shares of Danaher Corporation (NYSE:DHR) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,349,301 shares of the conglomerate’s stock after purchasing an additional 8,418 shares during the period. Deutsche Bank AG’s holdings in Danaher were worth $537,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in Danaher during the third quarter valued at approximately $25,000. Elevated Capital Advisors LLC acquired a new position in Danaher during the fourth quarter valued at approximately $26,000. WFA of San Diego LLC acquired a new position in Danaher during the second quarter valued at approximately $26,000. ANTIPODES PARTNERS Ltd acquired a new position in Danaher during the third quarter valued at approximately $27,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Danaher during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the topic of several research analyst reports. DZ Bank initiated coverage on shares of Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. Citigroup initiated coverage on shares of Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective on the stock. Argus lowered their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, TD Cowen lowered their price objective on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $235.14.

Danaher Trading Down 2.4%

Shares of Danaher stock opened at $183.88 on Thursday. The company’s fifty day simple moving average is $181.33 and its 200-day simple moving average is $205.28. The company has a market cap of $130.14 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.52 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.

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

Danaher Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is 30.95%.

Danaher 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.