Fort Washington Investment Advisors Inc. OH boosted its position in shares of Danaher Co. (NYSE:DHR) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,670 shares of the conglomerate’s stock after purchasing an additional 100 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Danaher were worth $3,575,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its stake in shares of Danaher by 10.3% in the 2nd quarter. FMR LLC now owns 21,011,026 shares of the conglomerate’s stock worth $2,073,369,000 after acquiring an additional 1,963,116 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Danaher by 1.6% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 57,244 shares of the conglomerate’s stock worth $6,220,000 after acquiring an additional 909 shares during the last quarter. Bartlett & Co. LLC increased its stake in shares of Danaher by 187.2% in the 3rd quarter. Bartlett & Co. LLC now owns 1,611 shares of the conglomerate’s stock worth $175,000 after acquiring an additional 1,050 shares during the last quarter. Hemenway Trust Co LLC increased its stake in shares of Danaher by 2.7% in the 3rd quarter. Hemenway Trust Co LLC now owns 166,979 shares of the conglomerate’s stock worth $18,144,000 after acquiring an additional 4,397 shares during the last quarter. Finally, Hills Bank & Trust Co. increased its stake in shares of Danaher by 101.1% in the 3rd quarter. Hills Bank & Trust Co. now owns 11,869 shares of the conglomerate’s stock worth $1,290,000 after acquiring an additional 5,966 shares during the last quarter. Institutional investors own 77.79% of the company’s stock.
A number of analysts have issued reports on DHR shares. Needham & Company LLC started coverage on Danaher in a research note on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 target price for the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $102.00 target price on shares of Danaher in a research note on Wednesday, December 19th. Robert W. Baird cut their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Finally, Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Danaher in a research note on Monday, January 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Danaher currently has an average rating of “Buy” and an average target price of $113.08.
Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. As a group, equities analysts expect that Danaher Co. will post 4.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Friday, December 28th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, December 27th. Danaher’s dividend payout ratio is presently 14.16%.
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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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