Commerce Bank lifted its holdings in shares of Danaher Co. (NYSE:DHR) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,308 shares of the conglomerate’s stock after purchasing an additional 3,406 shares during the period. Commerce Bank’s holdings in Danaher were worth $39,941,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. bought a new stake in shares of Danaher during the 4th quarter valued at about $114,000. First Personal Financial Services boosted its position in shares of Danaher by 128.9% during the 4th quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 691 shares in the last quarter. Zions Bancorporation boosted its position in shares of Danaher by 118.3% during the 3rd quarter. Zions Bancorporation now owns 1,231 shares of the conglomerate’s stock valued at $106,000 after purchasing an additional 667 shares in the last quarter. Resources Investment Advisors Inc. boosted its position in shares of Danaher by 661.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,530 shares of the conglomerate’s stock valued at $142,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Monetary Management Group Inc. boosted its position in shares of Danaher by 10.7% during the 2nd quarter. Monetary Management Group Inc. now owns 1,550 shares of the conglomerate’s stock valued at $131,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 77.05% of the company’s stock.
Several brokerages recently commented on DHR. Morgan Stanley upped their target price on Danaher from $103.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Credit Suisse Group upped their target price on Danaher from $99.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Evercore ISI began coverage on Danaher in a research report on Wednesday, January 3rd. They set an “outperform” rating on the stock. Argus upped their target price on Danaher from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Zacks Investment Research downgraded Danaher from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Danaher currently has a consensus rating of “Buy” and an average price target of $100.68.
Shares of Danaher Co. (NYSE DHR) opened at $100.83 on Tuesday. The company has a market capitalization of $69,289.58, a P/E ratio of 28.56, a PEG ratio of 2.09 and a beta of 1.04. Danaher Co. has a 52 week low of $78.97 and a 52 week high of $104.82. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 30th. The conglomerate reported $1.19 EPS for the quarter, topping the consensus estimate of $1.16 by $0.03. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.97 billion. Danaher had a return on equity of 11.36% and a net margin of 13.60%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. equities research analysts predict that Danaher Co. will post 4.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, March 29th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, March 28th. This is an increase from Danaher’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. Danaher’s dividend payout ratio is 15.86%.
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Danaher Company Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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