Sustainable Growth Advisers LP Has $365.77 Million Stock Position in Danaher Corporation $DHR

Sustainable Growth Advisers LP reduced its holdings in shares of Danaher Corporation (NYSE:DHR) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,597,798 shares of the conglomerate’s stock after selling 320,143 shares during the quarter. Danaher accounts for about 2.5% of Sustainable Growth Advisers LP’s holdings, making the stock its 16th biggest position. Sustainable Growth Advisers LP owned approximately 0.23% of Danaher worth $365,768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Capital International Investors lifted its position in shares of Danaher by 1.9% during the third quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock valued at $3,318,926,000 after purchasing an additional 312,951 shares in the last quarter. Norges Bank bought a new position in shares of Danaher during the fourth quarter valued at about $2,177,106,000. Generation Investment Management LLP lifted its position in shares of Danaher by 34.0% during the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Danaher by 1.0% during the fourth quarter. Legal & General Group Plc now owns 4,495,287 shares of the conglomerate’s stock valued at $1,029,061,000 after purchasing an additional 43,169 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Danaher by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 4,446,976 shares of the conglomerate’s stock valued at $1,018,002,000 after purchasing an additional 77,757 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Danaher Stock Performance

Danaher stock opened at $180.07 on Tuesday. The firm’s 50 day simple moving average is $181.91 and its 200 day simple moving average is $207.20. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $127.45 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80.

Danaher (NYSE:DHR) last posted its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion for 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%. Danaher’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS. As a group, analysts expect that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be issued a $0.40 dividend. 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 is presently 30.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Argus decreased their target price on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Guggenheim decreased their target price on Danaher from $275.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Royal Bank Of Canada initiated coverage on shares of Danaher in a research report on Thursday, May 14th. They set an “outperform” rating and a $200.00 price target for the company. Finally, Citigroup initiated coverage on shares of Danaher in a research report on Tuesday, May 26th. They set a “buy” rating and a $230.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.24.

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.