PFW Advisors LLC Acquires 5,889 Shares of Danaher Corporation $DHR

Key Points

• PFW Advisors acquired 5,889 Danaher shares valued at approximately $1.3 million in the third quarter, while other institutional investors also increased their positions. Institutions and hedge funds collectively own 79.05% of Danaher.
• Analysts raised several price targets to $250, contributing to a consensus “Moderate Buy” rating and an average target of $235.23, although Wells Fargo maintained an equal-weight rating with a lower $195 target.
• Danaher shares recently traded at $218.56 after the company exceeded quarterly earnings and revenue estimates. The company also declared a quarterly dividend of $0.40 per share, representing a 0.7% annualized yield.

PFW Advisors LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,889 shares of the conglomerate's stock, valued at approximately $1,305,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. American National Bank & Trust boosted its holdings in shares of Danaher by 229.2% in the third quarter. American National Bank & Trust now owns 8,835 shares of the conglomerate's stock worth $1,957,000 after buying an additional 6,151 shares during the last quarter. First Community Trust NA increased its holdings in Danaher by 129.9% during the third quarter. First Community Trust NA now owns 708 shares of the conglomerate's stock valued at $157,000 after buying an additional 400 shares during the last quarter. Congress Asset Management Co. bought a new position in Danaher in the third quarter worth approximately $3,582,000. Moody National Bank Trust Division boosted its stake in shares of Danaher by 14.5% during the 3rd quarter. Moody National Bank Trust Division now owns 7,993 shares of the conglomerate's stock worth $1,771,000 after acquiring an additional 1,015 shares during the last quarter. Finally, RVW Wealth LLC purchased a new position in shares of Danaher during the 3rd quarter worth $4,118,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank Of Canada raised their target price on Danaher from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Monday. The Goldman Sachs Group boosted their price target on Danaher from $210.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 21st. Guggenheim raised their price objective on Danaher from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 1st. Weiss Ratings upgraded Danaher from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. Finally, Wells Fargo & Company reduced their target price on shares of Danaher from $212.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $235.23.

Danaher Price Performance

Shares of Danaher stock traded up $2.95 during trading hours on Wednesday, hitting $218.56. The company's stock had a trading volume of 1,886,585 shares, compared to its average volume of 4,447,598. The business has a 50 day moving average price of $210.01 and a two-hundred day moving average price of $194.05. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a market cap of $153.65 billion, a PE ratio of 38.89, a PEG ratio of 2.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65.

Danaher (NYSE:DHR - Get Free Report) last released its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. Analysts expect that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders 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 dividend payout ratio (DPR) is presently 28.42%.

Danaher Profile

Danaher Corporation NYSE: DHR is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.

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