BOS Asset Management LLC Makes New $1.21 Million Investment in Danaher Corporation $DHR

Key Points

• BOS Asset Management initiated a Danaher position worth approximately $1.21 million by purchasing 5,450 shares in the third quarter. Institutional investors and hedge funds collectively own 79.05% of Danaher’s outstanding stock.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $235.23; individual targets range from $220 to $250.
• Danaher shares recently rose 1.1% to $219.81 after the company exceeded quarterly earnings and revenue expectations. The company also declared a quarterly dividend of $0.40 per share, representing a 0.7% annualized yield.

BOS Asset Management LLC bought a new stake in Danaher Corporation (NYSE:DHR - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,450 shares of the conglomerate's stock, valued at approximately $1,207,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHR. Dakota Community Bank & Trust NA lifted its position in shares of Danaher by 67.0% in the third quarter. Dakota Community Bank & Trust NA now owns 294 shares of the conglomerate's stock valued at $65,000 after acquiring an additional 118 shares in the last quarter. Graves Light Lenhart Wealth Inc. purchased a new position in shares of Danaher during the third quarter valued at approximately $2,087,000. Hummer Financial Advisory Services Inc lifted its stake in shares of Danaher by 278.3% during the 3rd quarter. Hummer Financial Advisory Services Inc now owns 6,185 shares of the conglomerate's stock worth $1,370,000 after purchasing an additional 4,550 shares during the period. Breakwater Capital Group increased its stake in Danaher by 522.8% in the third quarter. Breakwater Capital Group now owns 9,984 shares of the conglomerate's stock valued at $2,212,000 after purchasing an additional 8,381 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new position in Danaher during the third quarter worth about $2,812,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Danaher from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Monday. Evercore restated an "outperform" rating and set a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price on shares of Danaher in a report on Wednesday, July 22nd. Stifel Nicolaus cut their price objective on Danaher from $260.00 to $220.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Finally, TD Cowen reduced their price objective on Danaher from $240.00 to $236.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Two equities research 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.23.

Danaher Stock Up 1.1%

NYSE DHR traded up $2.35 on Friday, hitting $219.81. 1,160,728 shares of the stock traded hands, compared to its average volume of 4,446,787. The company has a market capitalization of $154.52 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. The stock has a 50-day moving average of $210.88 and a 200 day moving average of $194.44. 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 Corporation has a twelve month low of $160.93 and a twelve month high of $242.80.

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

Danaher Dividend Announcement

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

About Danaher

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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