Danaher Co. (DHR) Shares Sold by Asset Dedication LLC
Asset Dedication LLC lowered its stake in shares of Danaher Co. (NYSE:DHR) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,763 shares of the conglomerate’s stock after selling 150 shares during the quarter. Asset Dedication LLC’s holdings in Danaher were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in DHR. Canton Hathaway LLC grew its holdings in Danaher by 8.7% in the first quarter. Canton Hathaway LLC now owns 12,886 shares of the conglomerate’s stock worth $1,701,000 after purchasing an additional 1,036 shares during the period. Abacus Planning Group Inc. grew its holdings in Danaher by 52.3% in the fourth quarter. Abacus Planning Group Inc. now owns 9,979 shares of the conglomerate’s stock worth $225,000 after purchasing an additional 3,428 shares during the period. IHT Wealth Management LLC grew its holdings in Danaher by 5.1% in the fourth quarter. IHT Wealth Management LLC now owns 2,023 shares of the conglomerate’s stock worth $209,000 after purchasing an additional 98 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Danaher in the fourth quarter worth about $1,705,000. Finally, Advisor Partners LLC grew its holdings in Danaher by 17.3% in the fourth quarter. Advisor Partners LLC now owns 19,477 shares of the conglomerate’s stock worth $2,008,000 after purchasing an additional 2,868 shares during the period. Institutional investors own 77.59% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Tuesday, April 9th. Needham & Company LLC reiterated a “buy” rating and set a $141.00 price target (up previously from $138.00) on shares of Danaher in a report on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $140.00 price target on shares of Danaher in a report on Monday, March 4th. Janney Montgomery Scott increased their price target on shares of Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price target on shares of Danaher to $140.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Danaher presently has a consensus rating of “Buy” and an average target price of $130.31.
NYSE:DHR opened at $126.77 on Friday. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $134.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.47. The company has a market cap of $90.73 billion, a PE ratio of 28.05, a PEG ratio of 2.39 and a beta of 1.04.
Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. Danaher had a net margin of 13.33% and a return on equity of 11.64%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts predict that Danaher Co. will post 4.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, March 29th will be given a dividend of $0.17 per share. This is an increase from Danaher’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.68 dividend on an annualized basis and a yield of 0.54%. Danaher’s dividend payout ratio is 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.
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