Jamison Private Wealth Management Inc. Purchases 159 Shares of Danaher Co. (NYSE:DHR)

Jamison Private Wealth Management Inc. increased its holdings in Danaher Co. (NYSE:DHR) by 1.7% during the 4th quarter, HoldingsChannel reports. The firm owned 9,756 shares of the conglomerate’s stock after buying an additional 159 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Danaher were worth $2,239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Decker Retirement Planning Inc. purchased a new stake in Danaher during the fourth quarter valued at approximately $31,000. Teachers Insurance & Annuity Association of America purchased a new stake in Danaher during the 3rd quarter valued at $39,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Danaher in the 3rd quarter worth about $40,000. FSA Wealth Management LLC purchased a new position in shares of Danaher during the third quarter valued at approximately $50,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Danaher during the third quarter worth $55,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several research reports. Bank of America upgraded Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price for the company in a report on Friday, December 13th. TD Cowen increased their target price on Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wolfe Research upgraded Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price target on the stock in a report on Thursday, October 31st. Stifel Nicolaus upped their price objective on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird cut their target price on Danaher from $278.00 to $277.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $285.55.

Danaher Price Performance

Shares of NYSE:DHR opened at $245.95 on Friday. Danaher Co. has a twelve month low of $225.42 and a twelve month high of $281.70. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The company has a market cap of $177.65 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 4.43 and a beta of 0.83. The company’s 50 day moving average is $235.33 and its 200 day moving average is $253.45.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a yield of 0.44%. Danaher’s dividend payout ratio is presently 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.