Diversify Wealth Management LLC Has $1.92 Million Stock Holdings in Danaher Co. (NYSE:DHR)

Diversify Wealth Management LLC grew its stake in shares of Danaher Co. (NYSE:DHR) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,186 shares of the conglomerate’s stock after purchasing an additional 592 shares during the quarter. Diversify Wealth Management LLC’s holdings in Danaher were worth $1,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHR. Hall Laurie J Trustee increased its holdings in Danaher by 5.2% during the fourth quarter. Hall Laurie J Trustee now owns 21,669 shares of the conglomerate’s stock worth $4,974,000 after buying an additional 1,065 shares during the last quarter. Ballast Inc. increased its stake in shares of Danaher by 4.9% during the 4th quarter. Ballast Inc. now owns 5,250 shares of the conglomerate’s stock worth $1,205,000 after purchasing an additional 245 shares during the last quarter. Renaissance Investment Group LLC raised its holdings in shares of Danaher by 0.3% in the 4th quarter. Renaissance Investment Group LLC now owns 50,454 shares of the conglomerate’s stock valued at $11,582,000 after purchasing an additional 139 shares during the period. Clarius Group LLC lifted its stake in Danaher by 8.3% in the 4th quarter. Clarius Group LLC now owns 4,913 shares of the conglomerate’s stock valued at $1,128,000 after purchasing an additional 376 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. bought a new position in Danaher during the fourth quarter worth about $232,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DHR. Barclays cut their price objective on Danaher from $285.00 to $275.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Raymond James cut their price target on Danaher from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Wolfe Research upgraded shares of Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price objective on the stock in a report on Thursday, October 31st. UBS Group cut their target price on shares of Danaher from $309.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, KeyCorp upped their price target on shares of Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.80.

Danaher Stock Down 1.4 %

Shares of DHR opened at $238.41 on Tuesday. The firm has a 50 day simple moving average of $234.85 and a two-hundred day simple moving average of $253.51. The company has a market cap of $172.20 billion, a P/E ratio of 45.50, a P/E/G ratio of 4.23 and a beta of 0.83. Danaher Co. has a one year low of $222.53 and a one year high of $281.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.37 and a quick ratio of 1.01.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the firm earned $2.02 EPS. Danaher’s revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Danaher Co. will post 7.49 EPS for the current fiscal year.

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.45%. Danaher’s dividend payout ratio (DPR) is currently 20.61%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.