Capital International Inc. CA Has $65.42 Million Position in Danaher Corporation $DHR

Capital International Inc. CA lifted its position in shares of Danaher Corporation (NYSE:DHR) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,758 shares of the conglomerate’s stock after buying an additional 13,398 shares during the period. Capital International Inc. CA’s holdings in Danaher were worth $65,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DHR. Bank Pictet & Cie Europe AG raised its stake in Danaher by 25.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after buying an additional 74,301 shares during the period. Johnson Investment Counsel Inc. raised its stake in Danaher by 2.9% in the third quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock valued at $131,784,000 after buying an additional 18,744 shares during the period. Maxi Investments CY Ltd bought a new stake in Danaher in the third quarter valued at approximately $3,251,000. Defender Capital LLC. bought a new stake in Danaher in the fourth quarter valued at approximately $35,715,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Danaher by 2.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 163,134 shares of the conglomerate’s stock valued at $32,343,000 after buying an additional 4,350 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHR. TD Cowen dropped their price objective on Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Barclays dropped their price objective on Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Royal Bank Of Canada assumed coverage on Danaher in a research note on Thursday, May 14th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, Argus lowered their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Danaher currently has an average rating of “Moderate Buy” and an average target price of $235.14.

Danaher Price Performance

Shares of NYSE DHR opened at $184.45 on Friday. The firm has a market cap of $130.55 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The business’s 50 day moving average is $181.29 and its 200-day moving average is $206.19.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 earnings per share. Equities research analysts predict that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s dividend payout ratio is currently 30.95%.

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.