Danaher Co. (NYSE:DHR) Stake Boosted by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lifted its holdings in Danaher Co. (NYSE:DHR) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,777 shares of the conglomerate’s stock after acquiring an additional 201 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Danaher were worth $1,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First Allied Advisory Services Inc. increased its holdings in Danaher by 7.3% in the 4th quarter. First Allied Advisory Services Inc. now owns 6,814 shares of the conglomerate’s stock worth $701,000 after acquiring an additional 462 shares in the last quarter. Mutual Advisors LLC grew its holdings in Danaher by 9.5% during the 4th quarter. Mutual Advisors LLC now owns 2,352 shares of the conglomerate’s stock valued at $243,000 after buying an additional 205 shares in the last quarter. National Pension Service grew its holdings in Danaher by 5.9% during the 4th quarter. National Pension Service now owns 609,190 shares of the conglomerate’s stock valued at $67,230,000 after buying an additional 34,024 shares in the last quarter. Riverstone Advisors LLC purchased a new stake in Danaher during the 4th quarter valued at approximately $5,530,000. Finally, Covington Capital Management grew its holdings in Danaher by 0.6% during the 4th quarter. Covington Capital Management now owns 59,727 shares of the conglomerate’s stock valued at $6,159,000 after buying an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 77.59% of the company’s stock.

In other Danaher news, EVP Daniel L. Comas sold 97,357 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $127.04, for a total value of $12,368,233.28. Following the completion of the transaction, the executive vice president now directly owns 134,039 shares of the company’s stock, valued at $17,028,314.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Angela S. Lalor sold 4,534 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $127.25, for a total value of $576,951.50. Following the completion of the transaction, the senior vice president now directly owns 21,209 shares of the company’s stock, valued at $2,698,845.25. The disclosure for this sale can be found here. Insiders have sold 183,150 shares of company stock worth $23,279,637 in the last 90 days. Insiders own 11.40% of the company’s stock.

A number of research analysts recently weighed in on DHR shares. Needham & Company LLC started coverage on shares of Danaher in a report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 target price for the company. Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Danaher in a report on Monday, January 7th. Janney Montgomery Scott raised shares of Danaher from a “neutral” rating to a “buy” rating in a report on Monday, February 25th. UBS Group raised their target price on shares of Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, Deutsche Bank raised their price target on Danaher to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Danaher presently has an average rating of “Buy” and an average price target of $131.75.

Shares of Danaher stock traded up $1.89 during trading on Friday, hitting $126.77. 5,793,755 shares of the stock traded hands, compared to its average volume of 2,635,838. The firm has a market cap of $90.73 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. Danaher Co. has a 52-week low of $94.59 and a 52-week high of $134.50.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 EPS for the quarter, beating the consensus estimate of $1.01 by $0.06. Danaher had a return on equity of 11.85% and a net margin of 12.04%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts forecast that Danaher Co. will post 4.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, March 28th. This is a positive change from Danaher’s previous quarterly dividend of $0.16. Danaher’s payout ratio is 15.04%.

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About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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