YHB Investment Advisors Inc. Purchases 6,776 Shares of Danaher Co. (DHR)
YHB Investment Advisors Inc. increased its position in shares of Danaher Co. (NYSE:DHR) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,825 shares of the conglomerate’s stock after buying an additional 6,776 shares during the quarter. Danaher accounts for 2.0% of YHB Investment Advisors Inc.’s portfolio, making the stock its 10th biggest holding. YHB Investment Advisors Inc.’s holdings in Danaher were worth $11,016,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its holdings in Danaher by 1.4% during the third quarter. Vanguard Group Inc now owns 44,738,984 shares of the conglomerate’s stock valued at $4,861,338,000 after purchasing an additional 605,018 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Danaher by 0.9% in the 3rd quarter. BlackRock Inc. now owns 43,427,529 shares of the conglomerate’s stock worth $4,718,836,000 after acquiring an additional 396,818 shares in the last quarter. FMR LLC boosted its holdings in shares of Danaher by 3.5% in the 3rd quarter. FMR LLC now owns 21,739,751 shares of the conglomerate’s stock worth $2,362,241,000 after acquiring an additional 728,725 shares in the last quarter. Putnam Investments LLC boosted its holdings in shares of Danaher by 1.4% in the 3rd quarter. Putnam Investments LLC now owns 6,476,522 shares of the conglomerate’s stock worth $703,739,000 after acquiring an additional 91,519 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in shares of Danaher by 3.2% in the 3rd quarter. Flossbach Von Storch AG now owns 5,729,830 shares of the conglomerate’s stock worth $622,603,000 after acquiring an additional 180,025 shares in the last quarter. 77.03% of the stock is currently owned by institutional investors.
DHR has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $102.00 target price on shares of Danaher in a report on Wednesday, December 19th. Zacks Investment Research raised Danaher from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Wednesday, September 19th. Needham & Company LLC initiated coverage on Danaher in a report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 target price on the stock. Morgan Stanley boosted their target price on Danaher from $122.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, October 10th. Finally, Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Danaher in a report on Monday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Danaher presently has a consensus rating of “Buy” and an average price target of $112.28.
DHR stock traded down $0.10 during trading on Friday, hitting $105.26. The company had a trading volume of 110,803 shares, compared to its average volume of 2,952,726. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.53 and a quick ratio of 1.08. Danaher Co. has a 12 month low of $91.84 and a 12 month high of $110.86. The stock has a market capitalization of $73.15 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00.
Danaher (NYSE:DHR) last issued its earnings results on Thursday, October 18th. The conglomerate reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.59%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, equities analysts expect that Danaher Co. will post 4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, December 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, December 27th. Danaher’s payout ratio is 15.88%.
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.
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