8,199 Shares in Danaher Corporation $DHR Acquired by Capital Advisors Wealth Management LLC

Key Points

• Capital Advisors Wealth Management acquired 8,199 Danaher shares worth approximately $1.8 million, while institutional investors collectively own 79.05% of the company.
• Analyst sentiment remains positive: Danaher has an overall “Moderate Buy” rating and an average price target of $235.23, with several firms recently raising targets to $250.
• Danaher reported quarterly earnings of $1.94 per share, beating estimates, while revenue increased 5.5% year over year to $6.26 billion. The company also declared a quarterly dividend of $0.40 per share, yielding 0.7% annually.

Capital Advisors Wealth Management LLC purchased a new stake in shares of Danaher Corporation (NYSE:DHR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,199 shares of the conglomerate's stock, valued at approximately $1,816,000.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Danaher in the 2nd quarter worth approximately $10,492,520,000. State Street Corp raised its holdings in Danaher by 1.7% in the fourth quarter. State Street Corp now owns 27,681,334 shares of the conglomerate's stock worth $6,345,529,000 after purchasing an additional 472,608 shares in the last quarter. Wellington Management Group LLP grew its holdings in Danaher by 10.4% in the second quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate's stock worth $3,108,031,000 after purchasing an additional 1,542,310 shares during the period. Jupiter Topco LLC bought a new stake in shares of Danaher in the 2nd quarter worth approximately $1,456,317,000. Finally, Generation Investment Management LLP purchased a new stake in shares of Danaher in the 2nd quarter worth approximately $1,287,949,000. 79.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHR has been the topic of several recent analyst reports. Guggenheim increased their price objective on shares of Danaher from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. Weiss Ratings upgraded shares of Danaher from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. UBS Group began coverage on Danaher in a report on Wednesday, September 9th. They set a "buy" rating and a $250.00 price target for the company. Wall Street Zen upgraded shares of Danaher from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Royal Bank Of Canada increased their price objective on shares of Danaher from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $235.23.

Danaher Stock Up 1.2%

Shares of DHR opened at $220.15 on Friday. The firm has a market capitalization of $154.76 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.71 and a beta of 0.76. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The firm has a fifty day moving average price of $211.38 and a 200-day moving average price of $194.62. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the business posted $0.77 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders 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 yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher's dividend payout ratio is presently 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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