OLD National Bancorp IN Reduces Stock Holdings in Danaher Co. (NYSE:DHR)

OLD National Bancorp IN lessened its stake in Danaher Co. (NYSE:DHR) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,218 shares of the conglomerate’s stock after selling 256 shares during the quarter. OLD National Bancorp IN’s holdings in Danaher were worth $16,348,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DHR. Coronation Fund Managers Ltd. increased its stake in Danaher by 29.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 6,389 shares of the conglomerate’s stock worth $1,596,000 after buying an additional 1,470 shares during the period. Ascent Group LLC grew its stake in shares of Danaher by 30.2% during the second quarter. Ascent Group LLC now owns 2,205 shares of the conglomerate’s stock valued at $551,000 after acquiring an additional 512 shares in the last quarter. Quarry LP increased its position in shares of Danaher by 250.6% during the second quarter. Quarry LP now owns 298 shares of the conglomerate’s stock worth $74,000 after acquiring an additional 213 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Danaher by 5.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 11,035 shares of the conglomerate’s stock worth $2,760,000 after acquiring an additional 527 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Danaher by 6.5% in the second quarter. Cetera Investment Advisers now owns 130,209 shares of the conglomerate’s stock valued at $32,533,000 after purchasing an additional 7,986 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their target price on Danaher from $285.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays reduced their price objective on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their target price on shares of Danaher from $333.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted 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. Finally, Citigroup cut their price objective on Danaher from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.57.

Danaher Price Performance

NYSE DHR opened at $223.12 on Thursday. Danaher Co. has a 52 week low of $223.00 and a 52 week high of $281.70. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a market cap of $161.16 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 4.43 and a beta of 0.83. The company has a 50-day moving average price of $236.09 and a two-hundred day moving average price of $253.66.

Danaher (NYSE:DHR) last released its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, hitting analysts’ consensus estimates of $2.14. Danaher had a net margin of 16.39% and a return on equity of 10.62%. During the same quarter in the prior year, the business posted $2.09 EPS. Analysts forecast that Danaher Co. will post 7.5 EPS for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, December 27th. Danaher’s dividend payout ratio (DPR) 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.