International Assets Investment Management LLC Cuts Stock Holdings in Danaher Co. (NYSE:DHR)

International Assets Investment Management LLC lowered its position in shares of Danaher Co. (NYSE:DHR) by 99.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,571 shares of the conglomerate’s stock after selling 428,393 shares during the period. International Assets Investment Management LLC’s holdings in Danaher were worth $361,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DHR. Coronation Fund Managers Ltd. grew its position 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 acquiring an additional 1,470 shares during the last quarter. MGO One Seven LLC grew its holdings in Danaher by 3.2% during the second quarter. MGO One Seven LLC now owns 4,087 shares of the conglomerate’s stock valued at $1,021,000 after purchasing an additional 128 shares during the period. LPL Financial LLC lifted its position in shares of Danaher by 9.0% in the second quarter. LPL Financial LLC now owns 353,217 shares of the conglomerate’s stock valued at $88,251,000 after acquiring an additional 29,043 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Danaher by 4.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 25,004 shares of the conglomerate’s stock valued at $6,247,000 after purchasing an additional 957 shares during the last quarter. Finally, Fiduciary Group LLC raised its holdings in shares of Danaher by 1.7% during the 2nd quarter. Fiduciary Group LLC now owns 19,977 shares of the conglomerate’s stock worth $4,991,000 after acquiring an additional 325 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHR has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price for the company in a report on Friday, December 13th. Raymond James reduced their price target on Danaher from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Wolfe Research upgraded Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price objective for the company in a report on Thursday, October 31st. Finally, Stephens reissued an “overweight” rating and set a $315.00 target price on shares of Danaher in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.80.

Danaher Stock Down 1.3 %

Shares of DHR opened at $235.08 on Friday. Danaher Co. has a one year low of $222.53 and a one year high of $281.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. The stock has a market capitalization of $169.79 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 4.33 and a beta of 0.83. The stock has a 50 day moving average price of $235.67 and a 200 day moving average price of $253.73.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.14. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $2.02 EPS. Equities research analysts forecast that Danaher Co. will post 7.5 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Friday, December 27th. Danaher’s dividend payout ratio is currently 20.61%.

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.