Danaher Corporation $DHR Shares Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Danaher Corporation by 1.9%, acquiring an additional 6,136 shares, bringing its total holdings to approximately $63.8 million.
• Danaher recently reported strong quarterly earnings, with EPS of $1.80, surpassing expectations and showing a 3.4% year-over-year revenue increase.
• The company has declared a quarterly dividend of $0.32 per share, set to be paid on October 31st, representing a 0.6% dividend yield.

ASR Vermogensbeheer N.V. lifted its stake in Danaher Corporation (NYSE:DHR - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 322,924 shares of the conglomerate's stock after purchasing an additional 6,136 shares during the quarter. Danaher comprises about 0.8% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 17th largest holding. ASR Vermogensbeheer N.V.'s holdings in Danaher were worth $63,787,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHR. Naples Global Advisors LLC purchased a new stake in Danaher in the 2nd quarter valued at $270,000. RKL Wealth Management LLC boosted its position in shares of Danaher by 2.7% during the 2nd quarter. RKL Wealth Management LLC now owns 4,178 shares of the conglomerate's stock valued at $825,000 after acquiring an additional 111 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Danaher by 161.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 175,724 shares of the conglomerate's stock valued at $34,713,000 after acquiring an additional 108,448 shares during the last quarter. Woodward Diversified Capital LLC acquired a new stake in Danaher during the second quarter worth about $348,000. Finally, Community Financial Services Group LLC increased its position in Danaher by 5.2% during the second quarter. Community Financial Services Group LLC now owns 19,371 shares of the conglomerate's stock worth $3,827,000 after purchasing an additional 960 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company's stock.

Insider Activity at Danaher

In related news, Director Teri List sold 2,778 shares of Danaher stock in a transaction that occurred 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 completion of the transaction, the director owned 20,751 shares in the company, valued at approximately $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 is accessible through this hyperlink. Insiders own 11.10% of the company's stock.

Danaher Stock Up 7.4%

NYSE:DHR opened at $212.92 on Thursday. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $279.41. The stock's fifty day moving average is $199.85 and its two-hundred day moving average is $197.42. The stock has a market capitalization of $152.46 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 2.82 and a beta of 0.77. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

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

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, September 26th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 26th. Danaher's dividend payout ratio is currently 27.23%.

Analyst Upgrades and Downgrades

DHR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Danaher from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Robert W. Baird lifted their price target on shares of Danaher from $225.00 to $226.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Barclays reiterated an "overweight" rating and issued a $225.00 price objective (up from $215.00) on shares of Danaher in a research report on Tuesday, June 24th. UBS Group cut their target price on Danaher from $240.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $245.91.

About Danaher

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.

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