Diversify Wealth Management LLC Buys 592 Shares of Danaher Co. (NYSE:DHR)

Diversify Wealth Management LLC raised its stake in shares of Danaher Co. (NYSE:DHR) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,186 shares of the conglomerate’s stock after acquiring an additional 592 shares during the quarter. Diversify Wealth Management LLC’s holdings in Danaher were worth $1,924,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DHR. Hall Laurie J Trustee grew its stake in Danaher by 5.2% during the fourth quarter. Hall Laurie J Trustee now owns 21,669 shares of the conglomerate’s stock worth $4,974,000 after buying an additional 1,065 shares during the last quarter. Ballast Inc. boosted its holdings in shares of Danaher by 4.9% in the 4th quarter. Ballast Inc. now owns 5,250 shares of the conglomerate’s stock worth $1,205,000 after acquiring an additional 245 shares in the last quarter. Renaissance Investment Group LLC grew its position in Danaher by 0.3% during the 4th quarter. Renaissance Investment Group LLC now owns 50,454 shares of the conglomerate’s stock worth $11,582,000 after acquiring an additional 139 shares during the last quarter. Clarius Group LLC increased its holdings in Danaher by 8.3% during the 4th quarter. Clarius Group LLC now owns 4,913 shares of the conglomerate’s stock valued at $1,128,000 after purchasing an additional 376 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. bought a new position in Danaher in the 4th quarter valued at $232,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DHR. Bank of America upgraded Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Friday, December 13th. Scotiabank started coverage on shares of Danaher in a research report on Monday, December 23rd. They issued a “sector perform” rating and a $265.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. UBS Group lowered their price target on shares of Danaher from $309.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price objective on Danaher from $278.00 to $277.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $286.80.

Danaher Stock Performance

DHR stock opened at $238.41 on Tuesday. Danaher Co. has a 1-year low of $222.53 and a 1-year high of $281.70. The business’s 50-day moving average price is $234.85 and its two-hundred day moving average price is $253.51. The firm has a market cap of $172.20 billion, a PE ratio of 45.50, a P/E/G ratio of 4.23 and a beta of 0.83. 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 (NYSE:DHR) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.14. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. Danaher had a net margin of 16.39% and a return on equity of 10.62%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $2.02 earnings per share. As a group, research analysts forecast that Danaher Co. will post 7.49 earnings per share for the current year.

Danaher Announces Dividend

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