OneDigital Investment Advisors LLC Acquires 5,325 Shares of Danaher Co. (NYSE:DHR)

OneDigital Investment Advisors LLC grew its holdings in Danaher Co. (NYSE:DHR) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,742 shares of the conglomerate’s stock after purchasing an additional 5,325 shares during the period. OneDigital Investment Advisors LLC’s holdings in Danaher were worth $3,843,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC increased its position in shares of Danaher by 4.1% in the third quarter. Howard Capital Management Group LLC now owns 1,229 shares of the conglomerate’s stock valued at $342,000 after acquiring an additional 48 shares during the last quarter. Tudor Financial Inc. acquired a new position in shares of Danaher during the 3rd quarter worth approximately $414,000. Anchor Investment Management LLC raised its stake in shares of Danaher by 1.3% during the 3rd quarter. Anchor Investment Management LLC now owns 6,039 shares of the conglomerate’s stock worth $1,679,000 after purchasing an additional 78 shares in the last quarter. World Investment Advisors LLC boosted its holdings in shares of Danaher by 5.3% in the 3rd quarter. World Investment Advisors LLC now owns 12,948 shares of the conglomerate’s stock valued at $3,600,000 after buying an additional 648 shares during the last quarter. Finally, Arvest Bank Trust Division bought a new position in shares of Danaher in the third quarter valued at $254,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Robert W. Baird set a $231.00 price target on shares of Danaher in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their target price on shares of Danaher from $280.00 to $240.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $277.00 price target (down previously from $299.00) on shares of Danaher in a research report on Thursday, January 30th. Stifel Nicolaus upgraded Danaher from a “hold” rating to a “buy” rating and set a $260.00 price objective on the stock in a research note on Friday, March 14th. Finally, Raymond James reiterated a “market perform” rating on shares of Danaher in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.55.

Danaher Stock Performance

NYSE:DHR opened at $192.06 on Wednesday. The company has a market cap of $137.27 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.66 and a beta of 0.86. Danaher Co. has a fifty-two week low of $171.00 and a fifty-two week high of $281.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40. The stock has a fifty day moving average price of $201.41 and a 200-day moving average price of $225.77.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.26. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Danaher had a net margin of 16.33% and a return on equity of 10.82%. As a group, equities analysts anticipate that Danaher Co. will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid 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 0.67%. Danaher’s dividend payout ratio (DPR) is presently 24.24%.

Insider Buying and Selling

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of Danaher stock in a transaction dated 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 transaction, the senior vice president now owns 20,230 shares in the company, valued at $4,534,149.90. The trade was a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.10% of the stock is owned by corporate insiders.

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.