Ballast Inc. Raises Stock Holdings in Danaher Co. (NYSE:DHR)

Ballast Inc. boosted its holdings in shares of Danaher Co. (NYSE:DHR) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,250 shares of the conglomerate’s stock after acquiring an additional 245 shares during the quarter. Ballast Inc.’s holdings in Danaher were worth $1,205,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Renaissance Investment Group LLC boosted its stake in shares of Danaher by 0.3% during the fourth quarter. Renaissance Investment Group LLC now owns 50,454 shares of the conglomerate’s stock valued at $11,582,000 after purchasing an additional 139 shares during the period. Clarius Group LLC lifted its holdings in Danaher by 8.3% during the 4th quarter. Clarius Group LLC now owns 4,913 shares of the conglomerate’s stock valued at $1,128,000 after buying an additional 376 shares in the last quarter. Astoria Portfolio Advisors LLC. purchased a new stake in Danaher in the 4th quarter valued at about $232,000. Triangle Securities Wealth Management boosted its position in Danaher by 62.4% in the 4th quarter. Triangle Securities Wealth Management now owns 3,746 shares of the conglomerate’s stock valued at $860,000 after buying an additional 1,440 shares during the period. Finally, Ameritas Advisory Services LLC grew its stake in Danaher by 17.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 1,238 shares of the conglomerate’s stock worth $284,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DHR shares. Stephens reiterated an “overweight” rating and issued a $315.00 price target on shares of Danaher in a report on Wednesday, October 23rd. TD Cowen raised their target price on shares of Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America raised shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Friday, December 13th. Wolfe Research raised shares of Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price objective on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their target price on Danaher from $250.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.80.

Danaher Trading Down 1.4 %

NYSE:DHR opened at $238.41 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $234.85 and a 200-day simple moving average of $253.32. Danaher Co. has a 12 month low of $222.53 and a 12 month high of $281.70. The company has a market capitalization of $172.20 billion, a P/E ratio of 45.50, a PEG ratio of 4.23 and a beta of 0.83.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business earned $2.02 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that Danaher Co. will post 7.49 earnings per share for the current year.

Danaher Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, December 27th. Danaher’s dividend payout ratio is presently 20.61%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.