Ladenburg Thalmann Financial Services Inc. lifted its stake in Danaher Co. (NYSE:DHR) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,315 shares of the conglomerate’s stock after purchasing an additional 2,704 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Danaher were worth $4,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of DHR. Calton & Associates Inc. bought a new position in Danaher during the fourth quarter valued at approximately $114,000. First Personal Financial Services raised its position in Danaher by 128.9% during the fourth quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 691 shares in the last quarter. Zions Bancorporation raised its position in Danaher by 118.3% during the third quarter. Zions Bancorporation now owns 1,231 shares of the conglomerate’s stock valued at $106,000 after acquiring an additional 667 shares in the last quarter. Truewealth LLC bought a new position in Danaher during the fourth quarter valued at approximately $121,000. Finally, Resources Investment Advisors Inc. raised its position in Danaher by 661.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,530 shares of the conglomerate’s stock valued at $142,000 after acquiring an additional 1,329 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on DHR. Credit Suisse Group raised their price objective on shares of Danaher from $106.00 to $108.00 and gave the company an “outperform” rating in a research report on Tuesday, March 13th. Deutsche Bank dropped their price target on shares of Danaher from $114.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, March 1st. Royal Bank of Canada reissued a “hold” rating and issued a $98.00 price target on shares of Danaher in a research report on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price target on shares of Danaher in a research report on Friday, January 19th. Finally, Morgan Stanley lifted their price target on shares of Danaher from $103.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Danaher has a consensus rating of “Buy” and a consensus price target of $101.40.
Shares of Danaher stock opened at $101.93 on Monday. The stock has a market cap of $71,103.26, a price-to-earnings ratio of 28.88, a PEG ratio of 2.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. Danaher Co. has a 52 week low of $78.97 and a 52 week high of $104.82.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.03. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.97 billion. Danaher had a net margin of 13.60% and a return on equity of 11.36%. Danaher’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. research analysts expect that Danaher Co. will post 4.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, March 29th will be paid a $0.16 dividend. This is an increase from Danaher’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. Danaher’s dividend payout ratio (DPR) is presently 15.86%.
In other news, insider Rainer Blair sold 3,981 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $100.05, for a total value of $398,299.05. Following the sale, the insider now owns 49,751 shares in the company, valued at $4,977,587.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Angela S. Lalor sold 42,988 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $102.29, for a total transaction of $4,397,242.52. Following the completion of the sale, the senior vice president now owns 82,008 shares in the company, valued at approximately $8,388,598.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,260 shares of company stock worth $31,657,786. 12.20% of the stock is currently owned by corporate insiders.
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Danaher Company Profile
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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