PFA Pension Forsikringsaktieselskab acquired a new stake in Danaher Corporation (NYSE:DHR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 301,497 shares of the conglomerate's stock, valued at approximately $69,546,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new stake in shares of Danaher in the fourth quarter valued at $26,000. JPL Wealth Management LLC purchased a new stake in shares of Danaher in the third quarter valued at $25,000. WFA of San Diego LLC purchased a new stake in shares of Danaher in the second quarter valued at $26,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Danaher in the third quarter valued at $27,000. Finally, TruNorth Capital Management LLC acquired a new position in Danaher during the third quarter worth approximately $28,000. Hedge funds and other institutional investors own 79.05% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on DHR shares. JPMorgan Chase & Co. dropped their price target on shares of Danaher from $275.00 to $245.00 and set an "overweight" rating for the company in a research report on Wednesday, April 22nd. KeyCorp reiterated an "overweight" rating on shares of Danaher in a research note on Thursday, January 29th. Leerink Partners boosted their price objective on shares of Danaher from $260.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 16th. Wells Fargo & Company decreased their price objective on shares of Danaher from $240.00 to $212.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Danaher in a research note on Friday, March 27th. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Danaher currently has an average rating of "Moderate Buy" and an average price target of $240.70.
Get Our Latest Report on DHR
Danaher Price Performance
Shares of DHR stock opened at $175.30 on Friday. The company has a market capitalization of $124.07 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The firm has a fifty day simple moving average of $193.34 and a 200-day simple moving average of $213.20. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. Danaher Corporation has a twelve month low of $174.60 and a twelve month high of $242.80.
Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 earnings per share. Equities research analysts anticipate that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.
Danaher Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, March 27th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. This is a boost from Danaher's previous quarterly dividend of $0.32. The ex-dividend date was Friday, March 27th. Danaher's payout ratio is currently 30.95%.
Insider Buying and Selling at Danaher
In other news, EVP Gregory M. Milosevich sold 1,320 shares of the company's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. This represents a 20.56% 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. Company insiders own 10.80% of the company's stock.
Danaher Company Profile
(
Free Report)
Danaher Corporation NYSE: DHR is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.
Products and services in Danaher's portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.
Further Reading
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