Danaher Corporation $DHR Shares Bought by West Oak Capital LLC

Key Points

• West Oak Capital LLC increased its stake in Danaher Corporation by 22.9% during the second quarter, holding 12,681 shares valued at $2,505,000.
• Analysts have an overwhelmingly positive outlook on Danaher, with 17 analysts rating the stock as a Buy and a consensus price target of $245.91.
• Danaher reported quarterly earnings of $1.80 per share, exceeding expectations, along with a 3.4% increase in revenue year-over-year.

West Oak Capital LLC raised its position in Danaher Corporation (NYSE:DHR - Free Report) by 22.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,681 shares of the conglomerate's stock after purchasing an additional 2,365 shares during the period. West Oak Capital LLC's holdings in Danaher were worth $2,505,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DHR. Bank Pictet & Cie Europe AG grew its holdings in Danaher by 22.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,731 shares of the conglomerate's stock valued at $44,241,000 after purchasing an additional 35,730 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Danaher in the fourth quarter valued at $3,763,000. Ameriflex Group Inc. acquired a new stake in Danaher in the fourth quarter valued at $38,000. Heck Capital Advisors LLC acquired a new stake in Danaher in the fourth quarter valued at $27,000. Finally, Capital A Wealth Management LLC acquired a new stake in Danaher in the fourth quarter valued at $275,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on DHR shares. Robert W. Baird increased their price objective on Danaher from $225.00 to $226.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Barclays reaffirmed an "overweight" rating and set a $225.00 price objective (up previously from $215.00) on shares of Danaher in a research note on Tuesday, June 24th. Royal Bank Of Canada set a $241.00 price objective on Danaher in a research note on Tuesday, September 2nd. Scotiabank raised Danaher from a "sector perform" rating to a "sector outperform" rating and set a $275.00 price objective on the stock in a research note on Friday, July 11th. Finally, Wall Street Zen raised Danaher from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.91.

Danaher Stock Performance

Danaher stock opened at $190.30 on Tuesday. The stock's 50-day moving average is $200.02 and its 200-day moving average is $198.03. The company has a market cap of $136.26 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.22. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $279.90.

Danaher (NYSE:DHR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The conglomerate reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.16. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.83 billion. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Equities analysts anticipate that Danaher Corporation will post 7.63 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 31st. Investors of record on Friday, September 26th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Danaher's dividend payout ratio (DPR) is presently 27.23%.

Insider Activity at Danaher

In related news, Director Teri List sold 2,778 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $211.06, for a total transaction of $586,324.68. Following the sale, the director directly owned 20,751 shares in the company, valued at approximately $4,379,706.06. This trade represents a 11.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.20% of the company's stock.

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.

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