Dakota Community Bank & Trust NA Has $73,000 Stock Position in Danaher Co. (NYSE:DHR)

Dakota Community Bank & Trust NA raised its stake in Danaher Co. (NYSE:DHR) by 16.4% in the fourth quarter, Holdings Channel reports. The firm owned 320 shares of the conglomerate’s stock after acquiring an additional 45 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Danaher were worth $73,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in Danaher by 3.1% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,037 shares of the conglomerate’s stock worth $927,000 after acquiring an additional 120 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Danaher by 7.7% during the 4th quarter. Brooklyn Investment Group now owns 5,289 shares of the conglomerate’s stock worth $1,214,000 after purchasing an additional 378 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in Danaher by 83.7% in the 4th quarter. Sax Wealth Advisors LLC now owns 3,260 shares of the conglomerate’s stock valued at $748,000 after purchasing an additional 1,485 shares during the last quarter. Merit Financial Group LLC grew its holdings in Danaher by 14.3% during the fourth quarter. Merit Financial Group LLC now owns 10,050 shares of the conglomerate’s stock worth $2,307,000 after purchasing an additional 1,260 shares during the period. Finally, CNB Bank increased its position in Danaher by 3.6% during the fourth quarter. CNB Bank now owns 3,777 shares of the conglomerate’s stock worth $867,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DHR. TD Cowen lifted their target price on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Danaher from $275.00 to $278.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. KeyCorp upped their price objective on shares of Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of Danaher from $333.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $286.80.

Danaher Stock Performance

Shares of NYSE:DHR opened at $238.41 on Friday. Danaher Co. has a 1 year low of $222.53 and a 1 year high of $281.70. The stock has a market capitalization of $172.20 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 4.23 and a beta of 0.83. 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 company’s 50 day simple moving average is $234.99 and its 200 day simple moving average is $253.37.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share (EPS) 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 company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter last year, the company posted $2.02 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Danaher Co. will post 7.49 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be issued a $0.27 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.45%. Danaher’s dividend payout ratio (DPR) is currently 20.61%.

About Danaher

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.