Spinnaker Trust boosted its holdings in Danaher Co. (NYSE:DHR) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 3,156 shares of the conglomerate’s stock after buying an additional 133 shares during the quarter. Spinnaker Trust’s holdings in Danaher were worth $325,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc increased its position in shares of Danaher by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 44,738,984 shares of the conglomerate’s stock valued at $4,861,338,000 after purchasing an additional 605,018 shares during the period. BlackRock Inc. increased its position in shares of Danaher by 0.9% during the 3rd quarter. BlackRock Inc. now owns 43,427,529 shares of the conglomerate’s stock valued at $4,718,836,000 after purchasing an additional 396,818 shares during the period. FMR LLC increased its position in shares of Danaher by 3.5% during the 3rd quarter. FMR LLC now owns 21,739,751 shares of the conglomerate’s stock valued at $2,362,241,000 after purchasing an additional 728,725 shares during the period. Putnam Investments LLC increased its position in shares of Danaher by 1.4% during the 3rd quarter. Putnam Investments LLC now owns 6,476,522 shares of the conglomerate’s stock valued at $703,739,000 after purchasing an additional 91,519 shares during the period. Finally, Flossbach Von Storch AG increased its position in shares of Danaher by 3.2% during the 3rd quarter. Flossbach Von Storch AG now owns 5,729,830 shares of the conglomerate’s stock valued at $622,603,000 after purchasing an additional 180,025 shares during the period. Hedge funds and other institutional investors own 77.79% of the company’s stock.
Several equities analysts have recently issued reports on DHR shares. Royal Bank of Canada reiterated a “hold” rating and set a $102.00 price target on shares of Danaher in a research report on Wednesday, December 19th. Needham & Company LLC initiated coverage on Danaher in a research note on Wednesday, January 2nd. They set a “buy” rating and a $114.00 price objective for the company. Cowen reissued a “buy” rating and set a $110.00 price objective on shares of Danaher in a research note on Monday, January 7th. Finally, Robert W. Baird reduced their price objective on Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $113.08.
Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates 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 last year, the company posted $1.19 EPS. On average, equities research analysts anticipate that Danaher Co. will post 4.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Friday, December 28th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. Danaher’s dividend payout ratio (DPR) is presently 14.16%.
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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