WINTON GROUP Ltd Boosts Stake in Danaher Corporation $DHR

WINTON GROUP Ltd increased its holdings in shares of Danaher Corporation (NYSE:DHR) by 234.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 62,900 shares of the conglomerate’s stock after buying an additional 44,110 shares during the period. WINTON GROUP Ltd’s holdings in Danaher were worth $14,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DHR. Parallel Advisors LLC raised its holdings in Danaher by 12.3% in the 4th quarter. Parallel Advisors LLC now owns 20,528 shares of the conglomerate’s stock worth $4,699,000 after purchasing an additional 2,251 shares during the period. Prestige Wealth Management Group LLC grew its holdings in Danaher by 149.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,434 shares of the conglomerate’s stock valued at $787,000 after purchasing an additional 2,060 shares during the period. SlateStone Wealth LLC purchased a new stake in shares of Danaher in the fourth quarter valued at approximately $247,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Danaher during the 4th quarter worth approximately $1,229,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of Danaher by 6,390.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 321,487 shares of the conglomerate’s stock worth $73,595,000 after buying an additional 316,534 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

DHR has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target 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. TD Cowen reduced their price objective on shares of Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. HSBC decreased their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group cut their target price on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Guggenheim reduced their price target on shares of Danaher from $275.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.14.

Danaher Stock Down 1.2%

Shares of DHR opened at $184.45 on Friday. The stock has a 50 day moving average price of $181.29 and a 200 day moving average price of $206.19. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The stock has a market capitalization of $130.55 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.49 and a beta of 0.81.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the firm posted $1.88 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts forecast that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Dividend Announcement

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

Danaher Company 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.