Dorsey Asset Management LLC Acquires 296,513 Shares of Danaher Corporation $DHR

Key Points

• Dorsey Asset Management LLC has increased its stake in Danaher Corporation by 75.1%, making Danaher its 3rd largest position, representing 15.0% of its investment portfolio.
• Danaher’s recent earnings report showed an EPS of $1.80, exceeding estimates, with a revenue of $5.94 billion, indicating a year-over-year revenue growth of 3.4%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Danaher, with a price target averaging $246.35, despite some recent price target adjustments.

Dorsey Asset Management LLC raised its holdings in shares of Danaher Corporation (NYSE:DHR - Free Report) by 75.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,304 shares of the conglomerate's stock after acquiring an additional 296,513 shares during the period. Danaher makes up 15.0% of Dorsey Asset Management LLC's holdings, making the stock its 3rd largest position. Dorsey Asset Management LLC owned approximately 0.10% of Danaher worth $141,717,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. raised its stake in shares of Danaher by 396.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock worth $25,000 after buying an additional 99 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Danaher during the fourth quarter valued at $27,000. Sierra Ocean LLC raised its position in Danaher by 116.9% during the first quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock valued at $29,000 after buying an additional 76 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in Danaher in the 1st quarter worth about $31,000. Finally, Dunhill Financial LLC increased its position in Danaher by 68.4% in the 1st quarter. Dunhill Financial LLC now owns 165 shares of the conglomerate's stock worth $34,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 79.05% of the company's stock.

Insider Transactions at Danaher

In other news, Director Teri List sold 2,778 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the sale, the director owned 20,751 shares of the company's stock, valued at $4,379,706.06. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.20% of the company's stock.

Danaher Price Performance

Shares of DHR traded down $4.53 during mid-day trading on Tuesday, reaching $194.10. The company had a trading volume of 1,541,568 shares, compared to its average volume of 4,126,726. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $279.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.22. The company's 50-day moving average is $201.95 and its 200-day moving average is $199.23. The company has a market capitalization of $138.99 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.79 and a beta of 0.75.

Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.16. The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.83 billion. Danaher had a return on equity of 10.70% and a net margin of 14.21%.Danaher's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 EPS. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, equities analysts anticipate that Danaher Corporation will post 7.63 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on DHR shares. Royal Bank Of Canada set a $241.00 price target on Danaher in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. Wall Street Zen upgraded Danaher from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Robert W. Baird upped their price target on Danaher from $225.00 to $226.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Guggenheim restated a "buy" rating and set a $250.00 target price on shares of Danaher in a research note on Wednesday, July 23rd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.35.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.