Itau Unibanco Holding S.A. Has $220,000 Stock Holdings in Danaher Co. (NYSE:DHR)
Itau Unibanco Holding S.A. lowered its holdings in shares of Danaher Co. (NYSE:DHR – Free Report) by 98.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 916 shares of the conglomerate’s stock after selling 48,079 shares during the period. Itau Unibanco Holding S.A.’s holdings in Danaher were worth $220,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in DHR. Bank Julius Baer & Co. Ltd Zurich grew its stake in Danaher by 100,144.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,184,308,095 shares of the conglomerate’s stock worth $284,233,943,000 after purchasing an additional 1,183,126,676 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Danaher by 96,490.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,287,013 shares of the conglomerate’s stock worth $6,180,839,000 after purchasing an additional 23,262,904 shares during the period. Norges Bank acquired a new stake in Danaher during the fourth quarter worth approximately $2,057,164,000. JPMorgan Chase & Co. boosted its holdings in Danaher by 66.6% in the second quarter. JPMorgan Chase & Co. now owns 5,997,282 shares of the conglomerate’s stock worth $1,439,348,000 after acquiring an additional 2,398,426 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Danaher by 20.4% in the second quarter. Capital International Investors now owns 14,029,348 shares of the conglomerate’s stock worth $3,366,677,000 after acquiring an additional 2,377,625 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on DHR shares. StockNews.com started coverage on Danaher in a report on Saturday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. cut their price target on Danaher from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Citigroup cut their price target on Danaher from $265.92 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. TheStreet lowered Danaher from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada cut their price target on Danaher from $246.00 to $239.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average target price of $257.07.
Read Our Latest Stock Analysis on Danaher
Danaher Stock Performance
Shares of Danaher stock opened at $217.49 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $208.65 and its 200 day simple moving average is $233.47. Danaher Co. has a 12 month low of $182.09 and a 12 month high of $249.59. The firm has a market capitalization of $160.71 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
Danaher (NYSE:DHR – Get Free Report) last released its earnings results on Tuesday, October 24th. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.19. Danaher had a return on equity of 13.71% and a net margin of 20.01%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the business posted $2.56 earnings per share. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, analysts anticipate that Danaher Co. will post 8.3 EPS for the current year.
Danaher Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, December 28th. Danaher’s dividend payout ratio is currently 13.62%.
About Danaher (Free Report)
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.
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