Danaher Co. (DHR) is Guinness Atkinson Asset Management Inc’s 4th Largest Position

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Guinness Atkinson Asset Management Inc lowered its position in Danaher Co. (NYSE:DHR) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,810 shares of the conglomerate’s stock after selling 10,200 shares during the quarter. Danaher accounts for approximately 5.0% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 4th biggest holding. Guinness Atkinson Asset Management Inc’s holdings in Danaher were worth $5,858,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in shares of Danaher by 10.3% during the 2nd quarter. FMR LLC now owns 21,011,026 shares of the conglomerate’s stock valued at $2,073,369,000 after buying an additional 1,963,116 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Danaher by 87.4% during the 3rd quarter. Renaissance Technologies LLC now owns 3,219,500 shares of the conglomerate’s stock valued at $349,831,000 after purchasing an additional 1,501,300 shares during the period. AQR Capital Management LLC boosted its stake in Danaher by 48.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,682,662 shares of the conglomerate’s stock valued at $291,498,000 after purchasing an additional 872,626 shares during the period. Vanguard Group Inc boosted its stake in Danaher by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 44,738,984 shares of the conglomerate’s stock valued at $4,861,338,000 after purchasing an additional 605,018 shares during the period. Finally, Bank of Montreal Can boosted its stake in Danaher by 113.3% during the 3rd quarter. Bank of Montreal Can now owns 1,069,328 shares of the conglomerate’s stock valued at $116,195,000 after purchasing an additional 567,990 shares during the period. Hedge funds and other institutional investors own 76.90% of the company’s stock.

A number of research firms have issued reports on DHR. Royal Bank of Canada reissued a “hold” rating and set a $102.00 target price on shares of Danaher in a research note on Wednesday, December 19th. Needham & Company LLC began coverage on shares of Danaher in a research note on Wednesday, January 2nd. They set a “buy” rating and a $114.00 target price for the company. Finally, Cowen reissued a “buy” rating and set a $110.00 target price on shares of Danaher in a research note on Monday, January 7th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Danaher has an average rating of “Buy” and a consensus price target of $113.08.

Shares of NYSE:DHR opened at $112.20 on Thursday. The company has a market capitalization of $77.74 billion, a PE ratio of 24.82, a P/E/G ratio of 2.05 and a beta of 0.99. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $112.23. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.34.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.33 billion. Danaher had a net margin of 13.33% and a return on equity of 11.64%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. Equities analysts forecast that Danaher Co. will post 4.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, December 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, December 27th. Danaher’s dividend payout ratio is presently 14.16%.

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Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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