Bar Harbor Wealth Management Has $14.72 Million Stock Position in Danaher Corporation $DHR

Key Points

• Bar Harbor Wealth Management raised its Danaher stake 144.5% in Q4 to 64,303 shares, valued at about $14.72 million.
• Danaher beat Q4 estimates with $2.23 EPS (vs. $2.14) and $6.84B revenue (up 4.6% YoY), and analysts maintain a consensus "Moderate Buy" with a target near $251.35.
• The company increased its quarterly dividend to $0.40 (from $0.32), an annualized $1.60 payout with a yield around 0.8%.

Bar Harbor Wealth Management lifted its stake in Danaher Corporation (NYSE:DHR - Free Report) by 144.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,303 shares of the conglomerate's stock after acquiring an additional 38,000 shares during the period. Bar Harbor Wealth Management's holdings in Danaher were worth $14,720,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in Danaher during the third quarter worth about $25,000. WFA of San Diego LLC bought a new position in shares of Danaher in the second quarter valued at about $26,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Danaher in the third quarter valued at about $27,000. TruNorth Capital Management LLC bought a new position in shares of Danaher in the third quarter valued at about $28,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Danaher in the third quarter valued at about $31,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DHR shares. JPMorgan Chase & Co. lifted their price target on Danaher from $270.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danaher in a report on Thursday, January 29th. Guggenheim boosted their price objective on Danaher from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 2nd. TD Cowen reissued a "buy" rating on shares of Danaher in a report on Wednesday, January 7th. Finally, Evercore decreased their target price on Danaher from $254.00 to $225.00 and set an "outperform" rating for the company in a research report on Monday, April 6th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Danaher has an average rating of "Moderate Buy" and a consensus target price of $251.35.

Danaher Stock Down 1.7%

DHR opened at $189.69 on Friday. Danaher Corporation has a 1-year low of $178.78 and a 1-year high of $242.80. The stock's fifty day simple moving average is $201.03 and its 200 day simple moving average is $214.31. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The stock has a market cap of $134.24 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95.

Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.79 billion. During the same quarter in the prior year, the business earned $2.14 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts expect that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a $0.40 dividend. This is a boost from Danaher's previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher's dividend payout ratio (DPR) is currently 31.75%.

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company's stock, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Danaher Profile

Danaher Corporation NYSE: DHR is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher's portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.

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