Brokerages Set Danaher Co. (NYSE:DHR) PT at $285.55

Danaher Co. (NYSE:DHR) has received a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $285.55.

A number of research analysts have weighed in on the company. Guggenheim assumed coverage on Danaher in a research note on Thursday, December 19th. They issued a “buy” rating and a $275.00 price target for the company. Stifel Nicolaus raised their price target on Danaher from $250.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Wolfe Research upgraded Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price target for the company in a research note on Thursday, October 31st. TD Cowen raised their price target on Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, KeyCorp lifted their target price on Danaher from $290.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd.

Danaher Stock Up 0.1 %

DHR stock opened at $245.95 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $235.33 and a two-hundred day moving average price of $253.45. The company has a market cap of $177.65 billion, a price-to-earnings ratio of 46.94, a P/E/G ratio of 4.43 and a beta of 0.83. Danaher has a twelve month low of $225.42 and a twelve month high of $281.70.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.08 annualized dividend and a yield of 0.44%. Danaher’s dividend payout ratio is presently 20.61%.

Hedge Funds Weigh In On Danaher

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in Danaher in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in Danaher in the 4th quarter valued at $31,000. Teachers Insurance & Annuity Association of America acquired a new position in Danaher in the 3rd quarter valued at $39,000. MidAtlantic Capital Management Inc. acquired a new position in Danaher in the 3rd quarter valued at $40,000. Finally, FSA Wealth Management LLC acquired a new position in Danaher in the 3rd quarter valued at $50,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Company 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.