Intermede Investment Partners Ltd trimmed its holdings in shares of Danaher Corporation (NYSE:DHR – Free Report) by 36.2% during the fourth quarter, Holdings Channel reports. The fund owned 155,305 shares of the conglomerate’s stock after selling 88,056 shares during the quarter. Danaher accounts for 1.5% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 28th largest holding. Intermede Investment Partners Ltd’s holdings in Danaher were worth $35,552,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DHR. Simplify Asset Management Inc. grew its stake in Danaher by 449.8% during the 4th quarter. Simplify Asset Management Inc. now owns 44,416 shares of the conglomerate’s stock valued at $10,168,000 after purchasing an additional 36,337 shares in the last quarter. Lathrop Investment Management Co. raised its position in shares of Danaher by 12.4% in the 4th quarter. Lathrop Investment Management Co. now owns 28,195 shares of the conglomerate’s stock valued at $6,454,000 after purchasing an additional 3,112 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Danaher during the 4th quarter valued at approximately $229,000. North Star Asset Management Inc. grew its position in shares of Danaher by 2.1% during the fourth quarter. North Star Asset Management Inc. now owns 122,246 shares of the conglomerate’s stock worth $27,985,000 after buying an additional 2,493 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of Danaher in the fourth quarter worth $961,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Wells Fargo & Company reduced their price objective on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. KeyCorp reissued an “overweight” rating on shares of Danaher in a research report on Thursday, January 29th. The Goldman Sachs Group reduced their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Rothschild & Co Redburn set a $205.00 price target on Danaher in a research note on Friday, April 17th. Finally, Morgan Stanley cut their price objective on Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.65.
Danaher Trading Up 0.1%
Danaher stock opened at $172.12 on Monday. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The firm’s 50-day moving average is $183.52 and its 200-day moving average is $208.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The company has a market cap of $121.82 billion, a P/E ratio of 33.29, a PEG ratio of 2.30 and a beta of 0.81.
Danaher (NYSE:DHR – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share 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 business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Danaher Corporation will post 8.43 earnings per share for the current year.
Danaher Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 26th. Danaher’s dividend payout ratio is presently 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.
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