LPL Financial LLC increased its position in shares of Danaher Co. (NYSE:DHR) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,361 shares of the conglomerate’s stock after buying an additional 7,780 shares during the period. LPL Financial LLC’s holdings in Danaher were worth $7,366,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Covington Capital Management increased its holdings in Danaher by 4.1% during the fourth quarter. Covington Capital Management now owns 63,614 shares of the conglomerate’s stock worth $5,905,000 after buying an additional 2,487 shares during the last quarter. Weitz Investment Management Inc. increased its holdings in Danaher by 14.3% during the fourth quarter. Weitz Investment Management Inc. now owns 239,870 shares of the conglomerate’s stock worth $22,265,000 after buying an additional 30,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Danaher by 5.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,315 shares of the conglomerate’s stock valued at $4,948,000 after purchasing an additional 2,704 shares during the last quarter. Elkfork Partners LLC acquired a new position in shares of Danaher in the fourth quarter valued at $39,912,000. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Danaher by 3.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,976,203 shares of the conglomerate’s stock valued at $183,431,000 after purchasing an additional 74,832 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.
In other news, EVP William K. Daniel sold 131,066 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $102.05, for a total value of $13,375,285.30. Following the completion of the sale, the executive vice president now owns 270,523 shares of the company’s stock, valued at $27,606,872.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Walter G. Lohr sold 10,578 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $97.90, for a total transaction of $1,035,586.20. Following the completion of the sale, the director now directly owns 19,821 shares of the company’s stock, valued at approximately $1,940,475.90. The disclosure for this sale can be found here. In the last three months, insiders sold 313,260 shares of company stock valued at $31,657,786. 12.20% of the stock is currently owned by company insiders.
Shares of Danaher Co. (NYSE DHR) opened at $97.49 on Friday. The stock has a market cap of $69,624.41, a PE ratio of 24.77, a PEG ratio of 2.10 and a beta of 1.03. Danaher Co. has a 52-week low of $78.97 and a 52-week high of $104.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05.
Danaher (NYSE:DHR) last announced its earnings results on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Danaher had a net margin of 13.60% and a return on equity of 11.36%. Danaher’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. sell-side analysts forecast that Danaher Co. will post 4.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, March 29th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Wednesday, March 28th. This is a boost from Danaher’s previous quarterly dividend of $0.14. Danaher’s payout ratio is presently 15.86%.
DHR has been the topic of several research reports. Argus upped their price objective on shares of Danaher from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Danaher in a report on Tuesday, January 30th. Credit Suisse Group reiterated an “outperform” rating on shares of Danaher in a report on Friday, March 9th. Barclays initiated coverage on shares of Danaher in a report on Thursday, February 15th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Robert W. Baird reiterated a “buy” rating and issued a $99.00 price objective on shares of Danaher in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.23.
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.
Receive News & Ratings for Danaher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher and related companies with MarketBeat.com's FREE daily email newsletter.