Fisher Asset Management LLC Increases Stock Holdings in Danaher Corporation $DHR

Fisher Asset Management LLC lifted its stake in Danaher Corporation (NYSE:DHRFree Report) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,446,976 shares of the conglomerate’s stock after buying an additional 77,757 shares during the period. Fisher Asset Management LLC’s holdings in Danaher were worth $1,018,002,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DHR. Viking Global Investors LP boosted its holdings in Danaher by 543.9% during the 2nd 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 during the period. Massachusetts Financial Services Co. MA boosted its holdings in Danaher by 104.7% during the 4th 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 during the period. Generation Investment Management LLP boosted its holdings in Danaher by 34.0% during the 3rd 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 during the period. Ameriprise Financial Inc. boosted its holdings in Danaher by 211.7% during the 3rd 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 during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Danaher by 33.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock valued at $697,680,000 after acquiring an additional 891,210 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Trading Up 0.1%

Shares of NYSE DHR opened at $172.12 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $183.52 and a two-hundred day simple moving average of $208.70. The firm has a market cap of $121.82 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.81. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80.

Danaher (NYSE:DHRGet Free Report) last issued its earnings results 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. The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.Danaher’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 EPS. Analysts expect that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Rothschild & Co Redburn set a $205.00 price objective on Danaher in a report on Friday, April 17th. Wells Fargo & Company dropped their price objective on Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Barclays dropped their price objective on Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. KeyCorp restated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Morgan Stanley dropped their price objective on Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and an average price target of $238.65.

View Our Latest Report on Danaher

Danaher Profile

(Free Report)

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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