Danaher Co. (NYSE:DHR) Holdings Lifted by Horizon Investments LLC

Horizon Investments LLC grew its holdings in Danaher Co. (NYSE:DHR - Free Report) by 108.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,303 shares of the conglomerate's stock after purchasing an additional 10,021 shares during the period. Horizon Investments LLC's holdings in Danaher were worth $4,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Heck Capital Advisors LLC purchased a new position in shares of Danaher in the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Danaher in the 4th quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in shares of Danaher in the 4th quarter worth $31,000. Strategic Financial Concepts LLC purchased a new position in shares of Danaher in the 4th quarter worth $31,000. Finally, Pineridge Advisors LLC boosted its stake in shares of Danaher by 63.3% in the 4th quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate's stock worth $34,000 after buying an additional 57 shares during the last quarter. Institutional investors own 79.05% of the company's stock.

Insider Transactions at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $224.13, for a total value of $1,277,541.00. Following the sale, the senior vice president now owns 20,230 shares of the company's stock, valued at approximately $4,534,149.90. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.90% of the company's stock.

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Wall Street Analysts Forecast Growth

DHR has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on shares of Danaher in a research note on Thursday, December 19th. They set a "buy" rating and a $275.00 target price on the stock. Bank of America upgraded shares of Danaher from a "neutral" rating to a "buy" rating and set a $290.00 target price on the stock in a research note on Friday, December 13th. Scotiabank initiated coverage on shares of Danaher in a research note on Monday, December 23rd. They set a "sector perform" rating and a $265.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Danaher from $285.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus upgraded shares of Danaher from a "hold" rating to a "buy" rating and set a $260.00 target price on the stock in a research note on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $278.24.

Danaher Trading Up 0.7 %

NYSE DHR traded up $1.38 during trading hours on Friday, hitting $211.63. 6,383,342 shares of the company's stock were exchanged, compared to its average volume of 3,013,925. The business's 50 day moving average is $217.46 and its 200-day moving average is $238.86. Danaher Co. has a 12-month low of $196.80 and a 12-month high of $281.70. The firm has a market capitalization of $151.26 billion, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40.

Danaher (NYSE:DHR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, hitting 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 in the prior year, the business posted $2.09 EPS. As a group, analysts anticipate that Danaher Co. will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.32 dividend. This is a positive change from Danaher's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.60%. Danaher's dividend payout ratio (DPR) is presently 24.24%.

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.