Danaher Co. (NYSE:DHR) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its position in Danaher Co. (NYSE:DHR - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,095 shares of the conglomerate's stock after acquiring an additional 2,256 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Danaher were worth $21,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in Danaher by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 5,964,031 shares of the conglomerate's stock worth $1,490,112,000 after purchasing an additional 139,989 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Danaher by 2.6% in the 3rd quarter. Fisher Asset Management LLC now owns 4,552,640 shares of the conglomerate's stock worth $1,265,725,000 after acquiring an additional 116,299 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Danaher by 17.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,582,982 shares of the conglomerate's stock valued at $996,141,000 after purchasing an additional 535,254 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Danaher by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,398,649 shares of the conglomerate's stock valued at $849,195,000 after purchasing an additional 85,081 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Danaher in the first quarter worth about $676,545,000. 79.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DHR. Royal Bank of Canada dropped their price objective on Danaher from $333.00 to $311.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. UBS Group lowered their price objective on Danaher from $309.00 to $305.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their price target on Danaher from $250.00 to $265.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. TD Cowen lifted their target price on shares of Danaher from $310.00 to $315.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company began coverage on shares of Danaher in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $280.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Danaher presently has a consensus rating of "Moderate Buy" and a consensus price target of $287.16.

Danaher Trading Up 0.7 %

Shares of Danaher stock traded up $1.62 on Monday, hitting $237.46. 994,383 shares of the company traded hands, compared to its average volume of 2,753,543. The company has a market cap of $171.51 billion, a PE ratio of 45.01, a PEG ratio of 4.34 and a beta of 0.85. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. Danaher Co. has a 52 week low of $215.68 and a 52 week high of $281.70. The stock's 50 day moving average price is $258.15 and its 200-day moving average price is $260.03.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.14. The firm had revenue of $5.80 billion for 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%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.02 EPS. Equities research analysts predict that Danaher Co. will post 7.5 EPS for the current year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, September 27th. Danaher's dividend payout ratio is presently 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.