5,878 Shares of Danaher Corporation $DHR Acquired by Cooper Financial Group

Key Points

• Cooper Financial Group acquired 5,878 Danaher shares worth approximately $1.3 million in the third quarter. Institutional investors collectively own 79.05% of Danaher.
• Analyst sentiment remains positive, with Danaher receiving a consensus “Moderate Buy” rating and an average price target of $235.23, despite several recent target adjustments.
• Danaher exceeded quarterly expectations, reporting $1.94 in earnings per share and $6.26 billion in revenue, while declaring a quarterly dividend of $0.40 per share.

Cooper Financial Group bought a new stake in Danaher Corporation (NYSE:DHR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,878 shares of the conglomerate's stock, valued at approximately $1,302,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHR. BlackRock Inc. bought a new position in Danaher in the second quarter valued at approximately $10,492,520,000. Jupiter Topco LLC bought a new stake in Danaher during the second quarter worth $1,456,317,000. Generation Investment Management LLP bought a new stake in Danaher during the second quarter worth $1,287,949,000. Bank of America Corp DE acquired a new stake in shares of Danaher in the 2nd quarter valued at $993,846,000. Finally, Legal & General Group Plc acquired a new stake in shares of Danaher in the 2nd quarter valued at $801,056,000. Institutional investors own 79.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHR. Royal Bank Of Canada boosted their price target on Danaher from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Monday. Wells Fargo & Company reduced their price objective on Danaher from $212.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 22nd. UBS Group started coverage on Danaher in a research report on Wednesday, September 9th. They issued a "buy" rating and a $250.00 target price on the stock. Weiss Ratings raised Danaher from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. Finally, Stifel Nicolaus dropped their target price on shares of Danaher from $260.00 to $220.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Danaher currently has an average rating of "Moderate Buy" and a consensus price target of $235.23.

Danaher Stock Up 1.5%

Shares of DHR opened at $218.85 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The stock has a market capitalization of $153.85 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.68 and a beta of 0.76. The stock has a fifty day moving average of $210.46 and a 200-day moving average of $194.25.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the company posted $0.77 EPS. Danaher's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher's payout ratio is 28.42%.

Danaher Company Profile

Danaher Corporation NYSE: DHR is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.

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