O Shaughnessy Asset Management LLC Has $25.35 Million Stock Holdings in Danaher Corporation $DHR

O Shaughnessy Asset Management LLC raised its holdings in Danaher Corporation (NYSE:DHR) by 38.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,725 shares of the conglomerate’s stock after buying an additional 30,692 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Danaher were worth $25,347,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its stake in shares of Danaher by 2.0% in the fourth quarter. Manchester Capital Management LLC now owns 3,319 shares of the conglomerate’s stock valued at $760,000 after purchasing an additional 64 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Danaher during the fourth quarter worth $27,000. HFR Wealth Management LLC increased its holdings in Danaher by 0.5% in the 4th quarter. HFR Wealth Management LLC now owns 42,696 shares of the conglomerate’s stock valued at $9,774,000 after buying an additional 192 shares during the period. CNB Bank increased its holdings in Danaher by 4.4% in the 4th quarter. CNB Bank now owns 4,875 shares of the conglomerate’s stock valued at $1,116,000 after buying an additional 204 shares during the period. Finally, Syon Capital LLC raised its stake in shares of Danaher by 0.8% in the 4th quarter. Syon Capital LLC now owns 6,954 shares of the conglomerate’s stock valued at $1,592,000 after buying an additional 57 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHR has been the subject of a number of analyst reports. Royal Bank Of Canada started coverage on shares of Danaher in a research note on Thursday, May 14th. They set an “outperform” rating and a $200.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. TD Cowen cut their target price on Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Morgan Stanley decreased their price target on Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Evercore upped their price target on Danaher from $225.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.14.

Danaher Stock Down 0.5%

Shares of DHR opened at $183.47 on Tuesday. The business’s fifty day moving average price is $181.19 and its two-hundred day moving average price is $205.80. The firm has a market capitalization of $129.85 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.46 and a beta of 0.81. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. 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 (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 analysts’ expectations of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. Danaher’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 EPS. On average, analysts predict that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Danaher’s dividend payout ratio (DPR) 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.