Danaher Corporation $DHR Holdings Raised by Breakwater Capital Group

Key Points

• Breakwater Capital Group increased its Danaher stake by 522.8% in the third quarter, owning 9,984 shares valued at approximately $2.21 million. Institutional investors and hedge funds collectively own 79.05% of Danaher.
• Analysts remain broadly positive, with Danaher receiving a “Moderate Buy” consensus rating and an average price target of $235.23. UBS, RBC and Barclays issued or maintained bullish ratings, while Wells Fargo and Stifel lowered their targets.
• Danaher reported quarterly EPS of $1.94, exceeding estimates, while revenue rose 5.5% year over year to $6.26 billion. The company also declared a quarterly dividend of $0.40 per share, representing a 0.7% annualized yield.

Breakwater Capital Group increased its position in Danaher Corporation (NYSE:DHR - Free Report) by 522.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,984 shares of the conglomerate's stock after acquiring an additional 8,381 shares during the period. Breakwater Capital Group's holdings in Danaher were worth $2,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Danaher in the second quarter valued at $10,492,520,000. State Street Corp boosted its position in shares of Danaher by 1.7% in the 4th quarter. State Street Corp now owns 27,681,334 shares of the conglomerate's stock worth $6,345,529,000 after buying an additional 472,608 shares in the last quarter. Wellington Management Group LLP grew its stake in Danaher by 10.4% in the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate's stock valued at $3,108,031,000 after acquiring an additional 1,542,310 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Danaher in the 2nd quarter valued at about $1,456,317,000. Finally, Generation Investment Management LLP purchased a new position in Danaher during the 2nd quarter valued at about $1,287,949,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group assumed coverage on shares of Danaher in a report on Wednesday, September 9th. They issued a "buy" rating and a $250.00 price target on the stock. Royal Bank Of Canada upped their target price on Danaher from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday. Barclays increased their target price on Danaher from $230.00 to $255.00 and gave the company an "overweight" rating in a report on Wednesday. Wells Fargo & Company cut their price target on Danaher from $212.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus reduced their price objective on Danaher from $260.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Danaher has an average rating of "Moderate Buy" and an average price target of $235.23.

Danaher Trading Down 0.5%

Shares of Danaher stock opened at $217.33 on Friday. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The business's fifty day moving average is $210.88 and its two-hundred day moving average is $194.44. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The firm has a market cap of $152.78 billion, a PE ratio of 38.60, a P/E/G ratio of 2.72 and a beta of 0.76.

Danaher (NYSE:DHR - Get Free Report) last released 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. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Announces Dividend

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

Danaher 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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