Brooklyn Investment Group Acquires 378 Shares of Danaher Co. (NYSE:DHR)

Brooklyn Investment Group lifted its holdings in Danaher Co. (NYSE:DHR) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,289 shares of the conglomerate’s stock after buying an additional 378 shares during the quarter. Brooklyn Investment Group’s holdings in Danaher were worth $1,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fort Pitt Capital Group LLC boosted its stake in shares of Danaher by 3.2% in the third quarter. Fort Pitt Capital Group LLC now owns 238,092 shares of the conglomerate’s stock worth $66,194,000 after acquiring an additional 7,421 shares during the period. Good Life Advisors LLC bought a new position in shares of Danaher in the third quarter worth about $217,000. ORG Partners LLC boosted its stake in shares of Danaher by 1,212.8% in the fourth quarter. ORG Partners LLC now owns 2,770 shares of the conglomerate’s stock worth $636,000 after acquiring an additional 2,559 shares during the period. Harvest Portfolios Group Inc. boosted its stake in shares of Danaher by 1.2% in the third quarter. Harvest Portfolios Group Inc. now owns 202,263 shares of the conglomerate’s stock worth $56,233,000 after acquiring an additional 2,465 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Danaher by 1.3% in the third quarter. Stifel Financial Corp now owns 847,348 shares of the conglomerate’s stock worth $235,583,000 after acquiring an additional 11,216 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen boosted their target price on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Wolfe Research upgraded Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 target price on the stock in a research report on Thursday, October 31st. Guggenheim assumed coverage on Danaher in a research report on Thursday, December 19th. They issued a “buy” rating and a $275.00 target price on the stock. Finally, Raymond James decreased their target price on Danaher from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $286.80.

Danaher Trading Down 1.4 %

DHR opened at $238.41 on Friday. The stock has a market cap of $172.20 billion, a price-to-earnings ratio of 45.50, a P/E/G ratio of 4.23 and a beta of 0.83. The stock’s 50 day moving average price is $234.99 and its 200-day moving average price is $253.37. 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.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the prior year, the firm posted $2.02 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Danaher Co. will post 7.49 EPS for the current year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.08 annualized dividend and a yield of 0.45%. Danaher’s dividend payout ratio (DPR) 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.