Brandywine Financial Group Purchases New Holdings in Danaher Corporation $DHR

Key Points

• Brandywine Financial Group acquired 45,874 Danaher shares worth approximately $8.7 million, making DHR its fifth-largest holding and representing 7.4% of its portfolio. Institutional investors and hedge funds collectively own 79.05% of Danaher.
• Analysts maintain a broadly positive view, with one Strong Buy, 19 Buy, and five Hold ratings. Danaher has a “Moderate Buy” consensus rating and an average price target of $228.91, despite several recent target-price reductions.
• Danaher exceeded quarterly expectations, reporting $1.94 in adjusted earnings per share and $6.26 billion in revenue, up 5.5% year over year. The company also pays a quarterly dividend of $0.40, equivalent to a 0.8% annual yield.

Brandywine Financial Group acquired a new position in Danaher Corporation (NYSE:DHR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 45,874 shares of the conglomerate's stock, valued at approximately $8,698,000. Danaher accounts for 7.4% of Brandywine Financial Group's investment portfolio, making the stock its 5th largest position.

Several other large investors also recently added to or reduced their stakes in DHR. Sivia Capital Partners LLC lifted its stake in Danaher by 6.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate's stock worth $397,000 after acquiring an additional 119 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Danaher by 34.5% in the 2nd quarter. First Trust Advisors LP now owns 55,418 shares of the conglomerate's stock valued at $10,947,000 after purchasing an additional 14,217 shares during the period. Main Street Financial Solutions LLC increased its holdings in shares of Danaher by 40.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,088 shares of the conglomerate's stock valued at $610,000 after purchasing an additional 886 shares during the period. Ieq Capital LLC lifted its position in shares of Danaher by 64.2% in the second quarter. Ieq Capital LLC now owns 75,714 shares of the conglomerate's stock worth $14,957,000 after purchasing an additional 29,592 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in shares of Danaher by 30.7% during the second quarter. HUB Investment Partners LLC now owns 1,383 shares of the conglomerate's stock worth $273,000 after purchasing an additional 325 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHR has been the subject of a number of research analyst reports. TD Cowen cut their target price on shares of Danaher from $240.00 to $236.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Guggenheim dropped their price target on shares of Danaher from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Rothschild & Co Redburn set a $205.00 price objective on Danaher in a research report on Friday, April 17th. Morgan Stanley lowered their target price on Danaher from $270.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 22nd. Finally, UBS Group cut their price target on Danaher from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Danaher has an average rating of "Moderate Buy" and a consensus price target of $228.91.

Danaher Stock Performance

DHR opened at $195.25 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The company has a market cap of $137.26 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.78. The stock has a 50-day moving average of $188.36 and a 200-day moving average of $195.35. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80.

Danaher (NYSE:DHR - Get Free Report) last posted its earnings results on Tuesday, July 21st. The conglomerate reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.09. The firm 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 company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. As a group, equities research analysts forecast 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 was paid on Friday, July 31st. Stockholders of record on Friday, June 26th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 26th. Danaher's payout ratio is presently 28.42%.

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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