Capital International Investors Acquires 1,487,768 Shares of Danaher Corporation $DHR

Capital International Investors grew its holdings in Danaher Corporation (NYSE:DHR) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,246,008 shares of the conglomerate’s stock after buying an additional 1,487,768 shares during the quarter. Capital International Investors’ holdings in Danaher were worth $4,177,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of DHR. Norges Bank purchased a new position in Danaher during the fourth quarter valued at approximately $2,177,106,000. Viking Global Investors LP grew its stake in Danaher by 543.9% during the second quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock valued at $574,351,000 after acquiring an additional 2,455,994 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Danaher by 104.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock valued at $991,923,000 after acquiring an additional 2,216,789 shares in the last quarter. Generation Investment Management LLP grew its stake in Danaher by 34.0% during the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after acquiring an additional 1,689,020 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Danaher by 211.7% during the third quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock valued at $414,038,000 after acquiring an additional 1,418,243 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several recent analyst reports. Argus reduced their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Evercore boosted their price target on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. Finally, Citigroup assumed coverage on shares of Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price target for the company. One research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.14.

Danaher Trading Down 1.2%

Shares of DHR opened at $184.45 on Friday. The firm has a market cap of $130.55 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The firm has a 50 day moving average price of $181.29 and a 200-day moving average price of $206.19.

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

Danaher Announces Dividend

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

About Danaher

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.