Savant Capital LLC Reduces Position in Danaher Corporation $DHR

Savant Capital LLC lessened its position in shares of Danaher Corporation (NYSE:DHR) by 16.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,757 shares of the conglomerate’s stock after selling 8,275 shares during the quarter. Savant Capital LLC’s holdings in Danaher were worth $9,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors lifted its position in Danaher by 1.9% during the 3rd quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock worth $3,318,926,000 after acquiring an additional 312,951 shares during the period. Generation Investment Management LLP lifted its position in Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock worth $1,319,354,000 after acquiring an additional 1,689,020 shares during the period. Legal & General Group Plc lifted its position in Danaher by 1.0% during the 4th quarter. Legal & General Group Plc now owns 4,495,287 shares of the conglomerate’s stock worth $1,029,061,000 after acquiring an additional 43,169 shares during the period. Fisher Asset Management LLC lifted its position in Danaher by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,446,976 shares of the conglomerate’s stock worth $1,018,002,000 after acquiring an additional 77,757 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Danaher by 104.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock worth $991,923,000 after acquiring an additional 2,216,789 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada assumed coverage on Danaher in a research report on Thursday, May 14th. They set an “outperform” rating and a $200.00 price objective for the company. The Goldman Sachs Group decreased their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Rothschild & Co Redburn set a $205.00 price objective on Danaher in a research report on Friday, April 17th. Wall Street Zen cut Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, UBS Group decreased their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Twenty analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $238.24.

Danaher Stock Up 1.2%

DHR opened at $182.73 on Friday. The business has a 50 day simple moving average of $182.11 and a 200-day simple moving average of $207.48. The stock has a market capitalization of $129.33 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.41 and a beta of 0.81. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.Danaher’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. On average, equities analysts anticipate that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.