124,316 Shares in Danaher Corporation $DHR Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Danaher Corporation (NYSE:DHR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 124,316 shares of the conglomerate’s stock, valued at approximately $28,458,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tyche Wealth Partners LLC acquired a new stake in Danaher during the 3rd quarter valued at approximately $462,000. Bank Pictet & Cie Europe AG lifted its stake in Danaher by 25.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after acquiring an additional 74,301 shares during the period. Johnson Investment Counsel Inc. lifted its stake in Danaher by 2.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock valued at $131,784,000 after acquiring an additional 18,744 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in shares of Danaher by 4.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 513,288 shares of the conglomerate’s stock valued at $100,071,000 after purchasing an additional 22,595 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Danaher by 22.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 95,443 shares of the conglomerate’s stock valued at $18,923,000 after purchasing an additional 17,478 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on DHR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Royal Bank Of Canada began coverage on shares of Danaher in a report on Thursday, May 14th. They set an “outperform” rating and a $200.00 target price for the company. Barclays cut their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Wolfe Research cut their target price on shares of Danaher from $260.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.65.

Danaher Price Performance

Shares of NYSE DHR opened at $172.12 on Friday. The firm has a market cap of $121.82 billion, a PE ratio of 33.29, a PEG ratio of 2.30 and a beta of 0.81. The firm has a fifty day moving average of $183.52 and a 200 day moving average of $208.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 EPS. As a group, research analysts predict that Danaher Corporation will post 8.43 EPS for the current fiscal year.

Danaher Announces Dividend

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

About Danaher

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.