Park National Corp OH Raises Holdings in Danaher Corporation $DHR
by Sarita Garza · The Markets DailyPark National Corp OH increased its stake in shares of Danaher Corporation (NYSE:DHR – Free Report) by 10.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,269 shares of the conglomerate’s stock after purchasing an additional 7,998 shares during the period. Park National Corp OH’s holdings in Danaher were worth $15,598,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Danaher in the 4th quarter valued at about $2,177,106,000. Viking Global Investors LP lifted its holdings in Danaher by 543.9% in the 2nd quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock valued at $574,351,000 after purchasing an additional 2,455,994 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Danaher by 104.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock worth $991,923,000 after purchasing an additional 2,216,789 shares during the last quarter. Generation Investment Management LLP boosted its stake in shares of Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock worth $1,319,354,000 after purchasing an additional 1,689,020 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Danaher by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 15,076,796 shares of the conglomerate’s stock worth $3,451,380,000 after buying an additional 1,517,904 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Wall Street Analyst Weigh In
DHR has been the subject of a number of analyst reports. Rothschild & Co Redburn set a $205.00 price objective on shares of Danaher in a research report on Friday, April 17th. HSBC decreased their target price on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Guggenheim lowered their target price on shares of Danaher from $275.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Evercore boosted their price target on Danaher from $225.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, DZ Bank assumed coverage on Danaher in a research note on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $233.61.
Danaher Trading Up 0.3%
NYSE DHR opened at $177.74 on Friday. The company has a market cap of $125.80 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.26 and a beta of 0.81. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The company has a 50-day moving average of $179.62 and a 200-day moving average of $203.07.
Danaher (NYSE:DHR – Get Free Report) last released its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the company earned $1.88 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that Danaher Corporation will post 8.45 earnings per share for the current year.
Danaher Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is 30.95%.
Danaher 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.
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