Financial Gravity Companies Inc. bought a new stake in Danaher Co. (NYSE:DHR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,036 shares of the conglomerate’s stock, valued at approximately $113,000.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Danaher by 10.3% during the 2nd quarter. FMR LLC now owns 21,011,026 shares of the conglomerate’s stock valued at $2,073,369,000 after acquiring an additional 1,963,116 shares during the period. Bank of Montreal Can lifted its position in shares of Danaher by 113.3% during the 3rd quarter. Bank of Montreal Can now owns 1,069,328 shares of the conglomerate’s stock valued at $116,195,000 after acquiring an additional 567,990 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Danaher by 1.6% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 57,244 shares of the conglomerate’s stock valued at $6,220,000 after acquiring an additional 909 shares during the period. Delaney Dennis R lifted its position in shares of Danaher by 5.8% during the 3rd quarter. Delaney Dennis R now owns 15,875 shares of the conglomerate’s stock valued at $1,726,000 after acquiring an additional 868 shares during the period. Finally, Bartlett & Co. LLC lifted its position in shares of Danaher by 187.2% during the 3rd quarter. Bartlett & Co. LLC now owns 1,611 shares of the conglomerate’s stock valued at $175,000 after acquiring an additional 1,050 shares during the period. Institutional investors own 77.79% of the company’s stock.

Danaher stock opened at $109.25 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.34. Danaher Co. has a 52 week low of $91.84 and a 52 week high of $111.10. The firm has a market cap of $76.57 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, January 29th. The conglomerate reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. Danaher’s revenue was up 6.2% on a year-over-year basis. As a group, research analysts forecast that Danaher Co. will post 4.78 EPS for the current 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. The ex-dividend date was Thursday, December 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. Danaher’s dividend payout ratio (DPR) is currently 14.16%.

A number of research firms have recently weighed in on DHR. Robert W. Baird cut their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Cowen reissued a “buy” rating and set a $110.00 price target on shares of Danaher in a report on Monday, January 7th. Needham & Company LLC started coverage on Danaher in a report on Wednesday, January 2nd. They set a “buy” rating and a $114.00 price target for the company. Finally, Royal Bank of Canada reissued a “hold” rating and set a $102.00 price target on shares of Danaher in a report on Wednesday, December 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $113.08.

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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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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