Livingston Group Asset Management CO operating as Southport Capital Management lessened its position in shares of Danaher Co. (NYSE:DHR) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,157 shares of the conglomerate’s stock after selling 330 shares during the quarter. Danaher accounts for 1.2% of Livingston Group Asset Management CO operating as Southport Capital Management’s portfolio, making the stock its 14th largest position. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Danaher were worth $3,094,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DHR. Wedge Capital Management L L P NC boosted its stake in shares of Danaher by 4.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,593 shares of the conglomerate’s stock worth $244,000 after acquiring an additional 64 shares in the last quarter. WealthPLAN Partners LLC boosted its stake in shares of Danaher by 2.0% during the 3rd quarter. WealthPLAN Partners LLC now owns 3,580 shares of the conglomerate’s stock worth $491,000 after acquiring an additional 70 shares in the last quarter. PFG Advisors boosted its stake in shares of Danaher by 0.3% during the 4th quarter. PFG Advisors now owns 27,560 shares of the conglomerate’s stock worth $4,307,000 after acquiring an additional 72 shares in the last quarter. River Wealth Advisors LLC boosted its stake in shares of Danaher by 0.4% during the 3rd quarter. River Wealth Advisors LLC now owns 16,838 shares of the conglomerate’s stock worth $2,432,000 after acquiring an additional 73 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. boosted its stake in shares of Danaher by 2.0% during the 3rd quarter. JGP Global Gestao de Recursos Ltda. now owns 3,718 shares of the conglomerate’s stock worth $537,000 after acquiring an additional 74 shares in the last quarter. 77.99% of the stock is currently owned by institutional investors and hedge funds.

DHR traded up $0.12 on Thursday, hitting $160.93. 597,350 shares of the company’s stock were exchanged, compared to its average volume of 6,772,792. Danaher Co. has a fifty-two week low of $104.16 and a fifty-two week high of $162.37. The company has a current ratio of 3.43, a quick ratio of 3.09 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $151.92 and a 200-day moving average price of $143.27. The stock has a market cap of $115.92 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.57 and a beta of 0.93.

Danaher (NYSE:DHR) last announced its earnings results on Thursday, October 24th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.01. Danaher had a net margin of 12.13% and a return on equity of 11.42%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that Danaher Co. will post 4.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be paid 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 dividend payout ratio (DPR) is presently 15.04%.

DHR has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $150.00 target price on shares of Danaher in a research note on Thursday, November 14th. Citigroup started coverage on shares of Danaher in a research report on Monday, January 6th. They set a “buy” rating and a $180.00 price target for the company. Zacks Investment Research lowered shares of Danaher from a “hold” rating to a “sell” rating and set a $168.00 price target on the stock. in a research note on Tuesday. Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price objective on shares of Danaher in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Danaher from $155.00 to $175.00 in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Danaher has a consensus rating of “Buy” and an average price target of $159.69.

Danaher 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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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