Danaher Corporation $DHR Stock: Bokf Na Boosts Stake

Key Points

• Bokf Na increased its Danaher stake by 19.8% in the third quarter, bringing its holdings to 33,191 shares valued at approximately $7.35 million. Institutional investors collectively own 79.05% of the company.
• Analyst sentiment remains positive, with Danaher carrying a consensus “Moderate Buy” rating and an average price target of $242.91. JPMorgan and Citigroup recently raised their targets to $270.
• Danaher reported quarterly EPS of $2.11, exceeding estimates of $1.92, while revenue rose 8.3% year over year to $6.55 billion. The company also declared a quarterly dividend of $0.40 per share, although an executive sold 7,598 shares worth about $1.78 million.

Bokf Na grew its stake in shares of Danaher Corporation (NYSE:DHR - Free Report) by 19.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,191 shares of the conglomerate's stock after buying an additional 5,487 shares during the period. Bokf Na's holdings in Danaher were worth $7,353,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Main Street Group LTD bought a new position in Danaher during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new position in Danaher in the second quarter valued at about $25,000. Marquette Asset Management LLC grew its stake in Danaher by 192.1% during the third quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate's stock worth $25,000 after buying an additional 73 shares during the last quarter. Evolution Wealth Management Inc. grew its stake in Danaher by 208.0% during the first quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate's stock worth $29,000 after buying an additional 104 shares during the last quarter. Finally, Field & Main Bank bought a new stake in Danaher during the second quarter worth about $29,000. Institutional investors own 79.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DZ Bank cut shares of Danaher from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Danaher from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. Evercore reaffirmed an "outperform" rating and set a $230.00 price target on shares of Danaher in a report on Monday, July 6th. Citigroup lifted their price objective on Danaher from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Finally, Wall Street Zen upgraded Danaher from a "hold" rating to a "buy" rating in a report on Monday. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Danaher presently has a consensus rating of "Moderate Buy" and an average price target of $242.91.

Danaher Stock Up 1.2%

NYSE:DHR opened at $236.77 on Friday. The stock's fifty day moving average price is $218.59 and its two-hundred day moving average price is $201.81. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.29 and a current ratio of 1.63. The company has a market cap of $166.58 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.94 and a beta of 0.76.

Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The conglomerate reported $2.11 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.19. Danaher had a return on equity of 11.17% and a net margin of 16.91%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same period last year, the company earned $1.89 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Danaher Corporation will post 8.59 EPS for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Danaher's payout ratio is presently 26.19%.

Insider Activity at Danaher

In other news, CAO Christopher Bouda sold 7,598 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $234.56, for a total value of $1,782,186.88. Following the transaction, the chief accounting officer owned 9,107 shares of the company's stock, valued at $2,136,137.92. This represents a 45.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.80% of the company's stock.

About Danaher

Danaher Corporation NYSE: DHR is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.

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