Analysts Set Danaher Co. (NYSE:DHR) PT at $159.69

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Danaher Co. (NYSE:DHR) has been given an average recommendation of “Buy” by the seventeen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $159.69.

A number of equities research analysts recently issued reports on DHR shares. Needham & Company LLC raised their price target on Danaher from $152.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Co started coverage on Danaher in a research note on Tuesday, January 7th. They set an “overweight” rating and a $170.00 price target for the company. ValuEngine lowered Danaher from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group raised their price target on Danaher from $151.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group boosted their target price on shares of Danaher from $165.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, January 10th.

A number of hedge funds and other institutional investors have recently modified their holdings of DHR. Global Retirement Partners LLC increased its stake in shares of Danaher by 1.4% during the fourth quarter. Global Retirement Partners LLC now owns 4,443 shares of the conglomerate’s stock valued at $682,000 after buying an additional 62 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Danaher by 4.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 1,593 shares of the conglomerate’s stock valued at $244,000 after buying an additional 64 shares during the period. WealthPLAN Partners LLC increased its stake in shares of Danaher by 2.0% during the third quarter. WealthPLAN Partners LLC now owns 3,580 shares of the conglomerate’s stock valued at $491,000 after buying an additional 70 shares during the period. Everett Harris & Co. CA increased its stake in shares of Danaher by 0.6% during the fourth quarter. Everett Harris & Co. CA now owns 12,115 shares of the conglomerate’s stock valued at $1,859,000 after buying an additional 70 shares during the period. Finally, PFG Advisors boosted its position in Danaher by 0.3% during the fourth quarter. PFG Advisors now owns 27,560 shares of the conglomerate’s stock valued at $4,307,000 after purchasing an additional 72 shares in the last quarter. 77.95% of the stock is owned by institutional investors and hedge funds.

Shares of Danaher stock opened at $161.20 on Friday. The stock has a market cap of $116.54 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.09 and a current ratio of 3.43. The stock has a 50 day moving average price of $155.71 and a 200-day moving average price of $144.41. Danaher has a one year low of $104.50 and a one year high of $164.54.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.68 annualized dividend and a yield of 0.42%. Danaher’s payout ratio is currently 15.04%.

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 mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

Read More: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for Danaher (NYSE:DHR)

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