Fisher Asset Management LLC Increases Position in Danaher Corporation $DHR

Fisher Asset Management LLC lifted its stake in Danaher Corporation (NYSE:DHR) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,369,219 shares of the conglomerate’s stock after acquiring an additional 28,583 shares during the period. Fisher Asset Management LLC owned 0.62% of Danaher worth $866,241,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DHR. WFA of San Diego LLC purchased a new stake in shares of Danaher during the second quarter valued at about $26,000. Howard Hughes Medical Institute purchased a new position in shares of Danaher in the 2nd quarter worth approximately $27,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Danaher during the 3rd quarter worth approximately $27,000. TruNorth Capital Management LLC purchased a new stake in Danaher during the third quarter valued at approximately $28,000. Finally, Tripletail Wealth Management LLC acquired a new stake in Danaher in the third quarter valued at approximately $31,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Argus set a $265.00 price target on Danaher in a research note on Wednesday, January 14th. Wells Fargo & Company boosted their price target on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. Finally, Evercore reaffirmed an “outperform” rating and issued a $254.00 price objective on shares of Danaher in a research report on Wednesday, January 28th. Twenty research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.86.

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.20% of the company’s stock.

Danaher Stock Up 0.4%

DHR opened at $210.28 on Monday. The company has a fifty day moving average of $225.33 and a two-hundred day moving average of $216.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $242.80. The stock has a market capitalization of $148.70 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 2.85 and a beta of 0.93.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.09. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.Danaher’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. On average, research analysts expect that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is 25.40%.

Danaher Company Profile

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.