Danaher Co. (NYSE:DHR - Get Free Report) shares reached a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $280.00 to $240.00. Wells Fargo & Company currently has an equal weight rating on the stock. Danaher traded as low as $223.00 and last traded at $223.12, with a volume of 11405161 shares traded. The stock had previously closed at $247.84.
A number of other brokerages have also recently commented on DHR. StockNews.com cut shares of Danaher from a "buy" rating to a "hold" rating in a research report on Saturday, December 14th. Citigroup cut their price target on Danaher from $305.00 to $285.00 and set a "buy" rating for the company in a report on Monday, January 6th. Wolfe Research raised 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. KeyCorp boosted their target price on shares of Danaher from $290.00 to $310.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, UBS Group decreased their price target on shares of Danaher from $309.00 to $305.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Danaher presently has an average rating of "Moderate Buy" and an average price target of $278.95.
Get Our Latest Report on Danaher
Institutional Investors Weigh In On Danaher
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHR. FMR LLC increased its stake in Danaher by 15.8% during the third quarter. FMR LLC now owns 23,617,424 shares of the conglomerate's stock worth $6,566,116,000 after acquiring an additional 3,217,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Danaher by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,097,986 shares of the conglomerate's stock worth $1,417,342,000 after buying an additional 148,251 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Danaher by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 4,552,640 shares of the conglomerate's stock worth $1,265,725,000 after purchasing an additional 116,299 shares during the period. Massachusetts Financial Services Co. MA raised its position in Danaher by 17.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,582,982 shares of the conglomerate's stock worth $996,141,000 after purchasing an additional 535,254 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Danaher by 0.6% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,715,826 shares of the conglomerate's stock worth $382,936,000 after buying an additional 9,942 shares during the period. Institutional investors own 79.05% of the company's stock.
Danaher Trading Down 0.5 %
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. The stock has a fifty day moving average of $235.89 and a 200-day moving average of $253.45. The company has a market cap of $160.85 billion, a PE ratio of 42.33, a PEG ratio of 4.43 and a beta of 0.83.
Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. During the same period in the previous year, the company earned $2.09 EPS. Sell-side analysts anticipate that Danaher Co. will post 7.5 EPS for the current fiscal year.
Danaher Dividend Announcement
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 paid a dividend of $0.27 per share. The ex-dividend date is Friday, December 27th. This represents a $1.08 annualized dividend and a yield of 0.48%. Danaher's dividend payout ratio (DPR) is 20.61%.
About Danaher
(
Get Free Report)
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.
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