Telos Capital Management Inc. Raises Holdings in Danaher Co. (NYSE:DHR)

Telos Capital Management Inc. lifted its stake in shares of Danaher Co. (NYSE:DHRFree Report) by 8.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,866 shares of the conglomerate’s stock after buying an additional 3,099 shares during the quarter. Danaher makes up approximately 1.4% of Telos Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Telos Capital Management Inc.’s holdings in Danaher were worth $9,891,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. purchased a new stake in Danaher during the third quarter worth approximately $25,000. IAG Wealth Partners LLC lifted its stake in Danaher by 344.8% during the second quarter. IAG Wealth Partners LLC now owns 129 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. WFA of San Diego LLC purchased a new stake in Danaher during the second quarter worth approximately $32,000. First Capital Advisors Group LLC. purchased a new stake in Danaher during the second quarter worth approximately $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in Danaher during the third quarter worth approximately $34,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company cut their target price on Danaher from $285.00 to $247.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 3rd. HSBC assumed coverage on Danaher in a research report on Monday, December 18th. They set a “hold” rating on the stock. StockNews.com upgraded Danaher from a “hold” rating to a “buy” rating in a research report on Friday, January 12th. Wolfe Research assumed coverage on shares of Danaher in a research report on Wednesday, December 13th. They set a “peer perform” rating on the stock. Finally, Citigroup raised their price objective on shares of Danaher from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.40.

View Our Latest Report on DHR

Danaher Price Performance

Danaher stock opened at $224.58 on Thursday. Danaher Co. has a 52 week low of $182.09 and a 52 week high of $247.62. The company has a quick ratio of 1.94, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $165.95 billion, a PE ratio of 28.32, a P/E/G ratio of 2.43 and a beta of 0.85. The firm’s 50-day simple moving average is $222.56 and its 200 day simple moving average is $232.14.

Danaher (NYSE:DHRGet Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.19. Danaher had a net margin of 20.01% and a return on equity of 13.71%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the business posted $2.56 EPS. The firm’s revenue was down 10.3% compared to the same quarter last year. On average, equities research analysts predict that Danaher Co. will post 7.38 EPS for the current fiscal year.

Danaher Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.43%. Danaher’s dividend payout ratio is currently 12.11%.

Danaher Company Profile

(Free Report)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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