TD Asset Management Inc Increases Stake in Danaher Corporation $DHR

TD Asset Management Inc increased its position in Danaher Corporation (NYSE:DHR) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 572,093 shares of the conglomerate’s stock after acquiring an additional 19,451 shares during the quarter. TD Asset Management Inc owned about 0.08% of Danaher worth $130,964,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in Danaher by 1.9% in 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 last quarter. Norges Bank purchased a new stake in Danaher in the 4th quarter worth about $2,177,106,000. Generation Investment Management LLP increased its holdings in Danaher by 34.0% in 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 last quarter. Legal & General Group Plc increased its holdings in Danaher by 1.0% in 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 last quarter. Finally, Fisher Asset Management LLC increased its holdings in Danaher by 1.8% in 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 last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Stock Up 4.9%

DHR stock opened at $186.86 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $132.25 billion, a PE ratio of 36.14, a PEG ratio of 2.38 and a beta of 0.81. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The stock has a 50-day simple moving average of $181.34 and a two-hundred day simple moving average of $206.35.

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

Danaher Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 dividend yield of 0.9%. Danaher’s payout ratio is presently 30.95%.

Analysts Set New Price Targets

A number of research analysts have weighed in on DHR shares. Wells Fargo & Company reduced their target price on Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $245.00 target price on shares of Danaher in a report on Tuesday, April 21st. The Goldman Sachs Group reduced their target price on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. DZ Bank started coverage on Danaher in a report on Wednesday. They set a “buy” rating and a $210.00 target price for the company. Finally, Rothschild & Co Redburn set a $205.00 target price on Danaher in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $235.14.

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.