United Services Automobile Association boosted its holdings in shares of Danaher Co. (NYSE:DHR – Get Rating) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,685 shares of the conglomerate's stock after buying an additional 2,386 shares during the quarter. United Services Automobile Association's holdings in Danaher were worth $6,634,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Equitable Holdings Inc. increased its holdings in Danaher by 12.4% during the third quarter. Equitable Holdings Inc. now owns 3,286 shares of the conglomerate's stock valued at $849,000 after buying an additional 362 shares during the period. LVW Advisors LLC grew its holdings in Danaher by 3.3% in the third quarter. LVW Advisors LLC now owns 1,754 shares of the conglomerate's stock worth $453,000 after purchasing an additional 56 shares during the last quarter. IMA Wealth Inc. purchased a new position in Danaher in the second quarter worth $5,248,000. HB Wealth Management LLC grew its holdings in Danaher by 24.8% in the third quarter. HB Wealth Management LLC now owns 7,334 shares of the conglomerate's stock worth $1,894,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its holdings in Danaher by 12.7% in the third quarter. Mount Yale Investment Advisors LLC now owns 4,589 shares of the conglomerate's stock worth $1,185,000 after purchasing an additional 518 shares during the last quarter. 77.26% of the stock is owned by hedge funds and other institutional investors.
Get
Danaher alerts:
Danaher Stock Down 1.6 %
Shares of DHR stock opened at $239.75 on Friday. Danaher Co. has a twelve month low of $233.71 and a twelve month high of $303.82. The stock has a market cap of $174.68 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.97 and a beta of 0.80. The stock has a 50 day moving average of $260.12 and a 200 day moving average of $263.63. The company has a current ratio of 1.89, a quick ratio of 1.52 and a debt-to-equity ratio of 0.39.
Danaher (NYSE:DHR – Get Rating) last posted its earnings results on Tuesday, January 24th. The conglomerate reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.41. Danaher had a net margin of 22.91% and a return on equity of 17.97%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $7.90 billion. During the same period in the previous year, the firm earned $2.69 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Danaher Co. will post 10.14 EPS for the current year.
Danaher Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.27 per share. This is a positive change from Danaher's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, March 30th. Danaher's dividend payout ratio is presently 10.36%.
Wall Street Analyst Weigh In
Several research firms have issued reports on DHR. Credit Suisse Group lowered shares of Danaher from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $315.00 to $300.00 in a report on Thursday, January 5th. Robert W. Baird cut their price target on shares of Danaher from $321.00 to $309.00 in a report on Wednesday, January 25th. StockNews.com lowered shares of Danaher from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 1st. Barclays boosted their price objective on shares of Danaher from $277.00 to $290.00 and gave the company an "overweight" rating in a report on Tuesday, January 24th. Finally, Cowen dropped their price objective on shares of Danaher from $340.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, January 25th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $310.29.
Insider Activity
In related news, Director Raymond C. Stevens sold 8,410 shares of the company's stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $264.27, for a total value of $2,222,510.70. Following the completion of the transaction, the director now owns 8,394 shares of the company's stock, valued at approximately $2,218,282.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.20% of the company's stock.
Danaher Company Profile
(Get Rating)
Danaher Corp. engages in the design, manufacture, and marketing of professional, medical, industrial, and commercial products and services. It operates through the following segments: Biotechnology, Life Sciences, Diagnostics, and Environmental and Applied Solutions. The Biotechnology segment includes the bioprocessing and discovery and medical businesses and offers a range of tools, consumables, and services.
Read More
- Get a free copy of the StockNews.com research report on Danaher (DHR)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Receive News & Ratings for Danaher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher and related companies with MarketBeat.com's FREE daily email newsletter.
