Geo Capital Gestora de Recursos Ltd Raises Stock Position in Danaher Co. (NYSE:DHR)

Geo Capital Gestora de Recursos Ltd raised its stake in Danaher Co. (NYSE:DHR - Free Report) by 5,626.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,295 shares of the conglomerate's stock after purchasing an additional 4,220 shares during the quarter. Danaher accounts for 1.3% of Geo Capital Gestora de Recursos Ltd's portfolio, making the stock its 21st biggest position. Geo Capital Gestora de Recursos Ltd's holdings in Danaher were worth $986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC increased its position in shares of Danaher by 15.8% during the third quarter. FMR LLC now owns 23,617,424 shares of the conglomerate's stock valued at $6,566,116,000 after buying an additional 3,217,631 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Danaher during the fourth quarter valued at approximately $391,172,000. Van ECK Associates Corp grew its stake in Danaher by 6,862.7% in the fourth quarter. Van ECK Associates Corp now owns 929,868 shares of the conglomerate's stock worth $213,452,000 after purchasing an additional 916,513 shares during the period. Parnassus Investments LLC raised its holdings in Danaher by 31.8% in the fourth quarter. Parnassus Investments LLC now owns 3,105,388 shares of the conglomerate's stock worth $712,842,000 after purchasing an additional 749,136 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Danaher by 29,287.7% during the fourth quarter. Proficio Capital Partners LLC now owns 588,929 shares of the conglomerate's stock valued at $135,189,000 after buying an additional 586,925 shares during the period. Institutional investors own 79.05% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DHR. Raymond James reiterated a "market perform" rating on shares of Danaher in a research note on Monday, February 3rd. StockNews.com cut Danaher from a "buy" rating to a "hold" rating in a research report on Saturday, December 14th. Wells Fargo & Company decreased their price objective on shares of Danaher from $280.00 to $240.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Bank of America upgraded Danaher from a "neutral" rating to a "buy" rating and set a $290.00 price target for the company in a research note on Friday, December 13th. Finally, Citigroup dropped their price objective on shares of Danaher from $285.00 to $265.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $278.24.

Danaher Trading Down 1.1 %

Shares of NYSE DHR traded down $2.25 during mid-day trading on Wednesday, reaching $210.15. The company had a trading volume of 2,669,221 shares, compared to its average volume of 3,016,049. Danaher Co. has a 52 week low of $196.80 and a 52 week high of $281.70. The business's 50-day moving average is $216.41 and its 200-day moving average is $237.75. The stock has a market cap of $150.19 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same period last year, the business earned $2.09 earnings per share. Equities analysts expect that Danaher Co. will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.61%. This is a positive change from Danaher's previous quarterly dividend of $0.27. Danaher's dividend payout ratio (DPR) is currently 24.24%.

Insider Buying and Selling

In related news, SVP Brian W. Ellis sold 5,700 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total value of $1,277,541.00. Following the completion of the transaction, the senior vice president now owns 20,230 shares of the company's stock, valued at $4,534,149.90. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.10% of the stock is owned by insiders.

Danaher 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.