Koa Wealth Management LLC Purchases 1,290 Shares of Danaher Corporation $DHR

Key Points

• Koa Wealth Management LLC increased its holdings in Danaher Corporation by 7.0%, acquiring an additional 1,290 shares during the second quarter, now owning a total of 19,838 shares valued at approximately $3.9 million.
• Danaher Corporation's stock opened at $210.86 and has a market capitalization of $150.99 billion, with a PE ratio of 44.86 and a PEG ratio of 2.94.
• The company announced a quarterly dividend of $0.32 per share to be paid on October 31st, representing a 0.6% yield with a payout ratio of 27.23%.

Koa Wealth Management LLC grew its stake in shares of Danaher Corporation (NYSE:DHR - Free Report) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,838 shares of the conglomerate's stock after purchasing an additional 1,290 shares during the quarter. Danaher accounts for 3.1% of Koa Wealth Management LLC's investment portfolio, making the stock its 7th biggest position. Koa Wealth Management LLC's holdings in Danaher were worth $3,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in shares of Danaher by 396.0% during 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 grew its position in Danaher by 116.9% during the first quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock valued at $29,000 after purchasing an additional 76 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in Danaher in the first quarter valued at about $31,000. Red Tortoise LLC boosted its holdings in Danaher by 175.0% in the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate's stock worth $30,000 after purchasing an additional 98 shares in the last quarter. Finally, Dunhill Financial LLC boosted its holdings in shares of Danaher by 68.4% during the 1st quarter. Dunhill Financial LLC now owns 165 shares of the conglomerate's stock worth $34,000 after buying an additional 67 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Price Performance

Shares of NYSE:DHR opened at $210.86 on Friday. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $279.41. The stock has a market capitalization of $150.99 billion, a PE ratio of 44.86, a PEG ratio of 2.94 and a beta of 0.77. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $201.43 and a 200-day moving average of $197.23.

Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.16. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.83 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, equities research analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Dividend Announcement

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

Insider Activity

In other news, Director Teri List sold 2,778 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the sale, the director directly owned 20,751 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. 11.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group reduced their price target on shares of Danaher from $240.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Rothschild & Co Redburn restated a "neutral" rating and issued a $220.00 target price (down from $245.00) on shares of Danaher in a research note on Wednesday, October 8th. Bank of America lowered their target price on shares of Danaher from $230.00 to $220.00 and set a "buy" rating for the company in a report on Monday, September 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of Danaher in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $241.00 price target on shares of Danaher in a report on Tuesday, September 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $244.60.

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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