FNY Investment Advisers LLC Invests $435,000 in Danaher Corporation $DHR

Key Points

• FNY Investment Advisers LLC invested $435,000 in Danaher Corporation, acquiring 2,207 shares in the 2nd quarter as detailed in their Form 13F filing.
• Danaher recently reported $1.89 earnings per share for the quarter, exceeding estimates and showing 4.4% revenue growth compared to the previous year.
• The company declared a $0.32 quarterly dividend, set to be paid on October 31st, with a current dividend yield of 0.6% and a payout ratio of 27.23%.

FNY Investment Advisers LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,207 shares of the conglomerate's stock, valued at approximately $435,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in shares of Danaher by 396.0% in the first quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 99 shares during the period. Sierra Ocean LLC boosted its stake in Danaher by 116.9% in the 1st quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock worth $29,000 after buying an additional 76 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Danaher in the 1st quarter valued at about $31,000. Red Tortoise LLC increased its stake in shares of Danaher by 175.0% during the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 98 shares during the last quarter. Finally, Costello Asset Management INC purchased a new position in shares of Danaher during the 1st quarter worth about $41,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Danaher

In other news, Director Teri List sold 2,778 shares of the company'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 completion of the transaction, the director directly owned 20,751 shares in the company, valued at approximately $4,379,706.06. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.20% of the company's stock.

Danaher Stock Up 6.1%

Shares of NYSE DHR opened at $221.13 on Wednesday. The stock has a fifty day moving average price of $202.07 and a 200 day moving average price of $197.59. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.32. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $269.24. The company has a market cap of $158.34 billion, a P/E ratio of 47.05, a P/E/G ratio of 3.01 and a beta of 0.77.

Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Tuesday, October 21st. The conglomerate reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The company's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 earnings per share. 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 fiscal year.

Danaher Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Danaher in a report on Wednesday, October 8th. UBS Group dropped their price objective on Danaher from $240.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $241.00 target price on Danaher in a report on Tuesday, September 2nd. Redburn Partners set a $220.00 price target on Danaher in a research note on Wednesday, October 8th. Finally, Rothschild & Co Redburn restated a "neutral" rating and issued a $220.00 price objective (down from $245.00) on shares of Danaher in a report on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $245.00.

Danaher 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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