World Investment Advisors LLC Acquires 119,767 Shares of Danaher Co. (NYSE:DHR)

World Investment Advisors LLC grew its holdings in Danaher Co. (NYSE:DHR) by 973.7% in the third quarter, Holdings Channel reports. The firm owned 132,067 shares of the conglomerate’s stock after buying an additional 119,767 shares during the quarter. World Investment Advisors LLC’s holdings in Danaher were worth $36,717,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Annex Advisory Services LLC purchased a new stake in Danaher in the second quarter worth approximately $208,000. Ignite Planners LLC boosted its stake in shares of Danaher by 2.8% in the 2nd quarter. Ignite Planners LLC now owns 1,603 shares of the conglomerate’s stock worth $383,000 after buying an additional 43 shares during the last quarter. Fermata Advisors LLC bought a new stake in shares of Danaher in the second quarter worth $428,000. Blue Zone Wealth Advisors LLC increased its position in Danaher by 18.7% during the second quarter. Blue Zone Wealth Advisors LLC now owns 14,849 shares of the conglomerate’s stock valued at $3,710,000 after acquiring an additional 2,337 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its holdings in Danaher by 4.3% in the second quarter. Austin Private Wealth LLC now owns 1,633 shares of the conglomerate’s stock valued at $408,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DHR shares. Evercore ISI upped their price target on shares of Danaher from $275.00 to $278.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. StockNews.com cut shares of Danaher from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada dropped their price target on shares of Danaher from $333.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Raymond James reduced their price objective on Danaher from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, KeyCorp raised their target price on Danaher from $290.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $287.16.

Danaher Trading Up 1.0 %

Danaher stock opened at $230.12 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.37 and a quick ratio of 1.01. The firm’s 50 day moving average price is $251.66 and its 200-day moving average price is $258.69. Danaher Co. has a 1 year low of $215.68 and a 1 year high of $281.70. The stock has a market cap of $166.21 billion, a P/E ratio of 43.92, a PEG ratio of 4.35 and a beta of 0.83.

Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, beating the consensus estimate of $1.57 by $0.14. Danaher had a net margin of 16.39% and a return on equity of 10.62%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Danaher Co. will post 7.5 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, September 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.47%. Danaher’s dividend payout ratio (DPR) is 20.61%.

Danaher 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.