Miracle Mile Advisors LLC Buys 8,692 Shares of Danaher Co. (NYSE:DHR)

Miracle Mile Advisors LLC grew its position in Danaher Co. (NYSE:DHR - Free Report) by 778.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,808 shares of the conglomerate's stock after purchasing an additional 8,692 shares during the quarter. Miracle Mile Advisors LLC's holdings in Danaher were worth $2,252,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Coronation Fund Managers Ltd. boosted its stake in shares of Danaher by 29.9% in the second quarter. Coronation Fund Managers Ltd. now owns 6,389 shares of the conglomerate's stock valued at $1,596,000 after buying an additional 1,470 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Danaher by 124.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,956 shares of the conglomerate's stock worth $488,000 after purchasing an additional 1,083 shares during the period. Wealthspire Advisors LLC raised its stake in Danaher by 3.5% in the second quarter. Wealthspire Advisors LLC now owns 4,823 shares of the conglomerate's stock valued at $1,205,000 after purchasing an additional 165 shares in the last quarter. Quilter Plc lifted its position in Danaher by 1.6% during the second quarter. Quilter Plc now owns 59,059 shares of the conglomerate's stock worth $14,756,000 after purchasing an additional 927 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new stake in Danaher during the second quarter worth about $1,384,000. Institutional investors own 79.05% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Scotiabank started coverage on Danaher in a research note on Monday, December 23rd. They set a "sector perform" rating and a $265.00 target price for the company. Stifel Nicolaus lifted their target price on Danaher from $250.00 to $265.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Evercore ISI increased their target price on shares of Danaher from $275.00 to $278.00 and gave the stock an "outperform" rating in a report on Tuesday, October 1st. Guggenheim assumed coverage on shares of Danaher in a report on Thursday, December 19th. They set a "buy" rating and a $275.00 price target on the stock. Finally, StockNews.com downgraded shares of Danaher from a "buy" rating to a "hold" rating in a research note on Saturday, December 14th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Danaher currently has an average rating of "Moderate Buy" and an average target price of $286.80.

Danaher Trading Down 1.0 %

Danaher stock traded down $2.30 during mid-day trading on Tuesday, hitting $237.58. 4,137,586 shares of the stock were exchanged, compared to its average volume of 3,079,633. The stock has a market capitalization of $171.60 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 4.32 and a beta of 0.83. Danaher Co. has a 12 month low of $222.53 and a 12 month high of $281.70. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 0.32. The firm's fifty day simple moving average is $235.27 and its two-hundred day simple moving average is $253.56.

Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.14. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.59 billion. Danaher had a net margin of 16.39% and a return on equity of 10.62%. Danaher's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 earnings per share. Analysts forecast that Danaher Co. will post 7.5 EPS for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, December 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.45%. Danaher's payout ratio is 20.61%.

About Danaher

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.