LS Investment Advisors LLC reduced its holdings in shares of Danaher Co. (NYSE:DHR) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,761 shares of the conglomerate’s stock after selling 10,452 shares during the quarter. Danaher accounts for about 1.0% of LS Investment Advisors LLC’s investment portfolio, making the stock its 14th largest holding. LS Investment Advisors LLC’s holdings in Danaher were worth $14,721,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV lifted its stake in Danaher by 2.4% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 71,651 shares of the conglomerate’s stock worth $7,786,000 after purchasing an additional 1,651 shares during the last quarter. Inverness Counsel LLC NY lifted its stake in Danaher by 0.5% during the third quarter. Inverness Counsel LLC NY now owns 416,828 shares of the conglomerate’s stock worth $45,293,000 after purchasing an additional 1,951 shares during the last quarter. First Midwest Bank Trust Division lifted its stake in Danaher by 18.2% during the third quarter. First Midwest Bank Trust Division now owns 6,462 shares of the conglomerate’s stock worth $702,000 after purchasing an additional 993 shares during the last quarter. Bainco International Investors lifted its stake in Danaher by 2.6% during the third quarter. Bainco International Investors now owns 66,878 shares of the conglomerate’s stock worth $7,267,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Roundview Capital LLC lifted its stake in Danaher by 126.8% during the third quarter. Roundview Capital LLC now owns 8,633 shares of the conglomerate’s stock worth $938,000 after purchasing an additional 4,826 shares during the last quarter. Institutional investors own 77.05% of the company’s stock.
Several equities research analysts have weighed in on the company. Robert W. Baird dropped their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Danaher in a research report on Monday, January 7th. Zacks Investment Research lowered Danaher from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Needham & Company LLC assumed coverage on Danaher in a research report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $102.00 target price on shares of Danaher in a research report on Wednesday, December 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $113.08.
Shares of NYSE DHR opened at $109.25 on Friday. Danaher Co. has a 1-year low of $91.84 and a 1-year high of $111.10. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $76.11 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 2.00 and a beta of 0.99.
Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period last year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that Danaher Co. will post 4.78 EPS for the current fiscal 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 0.59%. The ex-dividend date of this dividend was Thursday, December 27th. Danaher’s dividend payout ratio (DPR) is 14.16%.
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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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