International Assets Investment Management LLC Purchases 7,846 Shares of Danaher Corporation $DHR

Key Points

• International Assets Investment Management increased its Danaher stake by 364.3% in the third quarter, purchasing 7,846 shares and ending with 10,000 shares worth approximately $2.22 million.
• Analysts remain broadly positive: Danaher has a consensus “Moderate Buy” rating, with 18 Buy ratings and a consensus price target of $242.91; JPMorgan and Citigroup recently raised their targets to $270.
• Danaher exceeded quarterly earnings expectations with EPS of $2.11 versus $1.92 expected, while revenue rose 8.3% year over year to $6.55 billion. The company also declared a quarterly dividend of $0.40 per share.

International Assets Investment Management LLC boosted its position in shares of Danaher Corporation (NYSE:DHR - Free Report) by 364.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,000 shares of the conglomerate's stock after acquiring an additional 7,846 shares during the quarter. International Assets Investment Management LLC's holdings in Danaher were worth $2,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Danaher during the 2nd quarter worth approximately $10,492,520,000. Wellington Management Group LLP lifted its stake in Danaher by 10.4% during the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate's stock valued at $3,108,031,000 after acquiring an additional 1,542,310 shares during the period. Jupiter Topco LLC acquired a new stake in Danaher during the 2nd quarter valued at approximately $1,456,317,000. Generation Investment Management LLP purchased a new stake in shares of Danaher in the 2nd quarter valued at $1,287,949,000. Finally, Bank of America Corp DE purchased a new stake in shares of Danaher in the 2nd quarter valued at $993,846,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Wall Street Analyst Weigh In

DHR has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Danaher from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Wall Street Zen raised shares of Danaher from a "hold" rating to a "buy" rating in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price target on shares of Danaher in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Danaher from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. Finally, Citigroup boosted their price objective on Danaher from $230.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $242.91.

Danaher Stock Performance

Shares of NYSE DHR opened at $228.04 on Tuesday. The company has a market capitalization of $160.44 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. 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's fifty day moving average price is $219.09 and its 200 day moving average price is $201.73. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.

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

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Danaher's payout ratio is currently 26.19%.

Insiders Place Their Bets

In related news, CAO Christopher Bouda sold 7,598 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 9,107 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 10.80% of the company's stock.

Danaher Company Profile

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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