S Bank Fund Management Ltd Buys 10,580 Shares of Danaher Corporation $DHR

Key Points

• S Bank Fund Management Ltd raised its Danaher stake by 25.3% in Q4, buying 10,580 shares to own 52,330 shares worth about $11.98 million, which represents 1.6% of its holdings and is its 15th-largest position.
• Danaher beat quarterly EPS expectations ($2.06 vs. $1.94) with revenue of $5.95B (+3.7% YoY), announced a quarterly dividend of $0.40 ($1.60 annualized, 0.9% yield), and holds a MarketBeat consensus of "Moderate Buy" with an average price target near $240.70.

S Bank Fund Management Ltd increased its stake in Danaher Corporation (NYSE:DHR - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,330 shares of the conglomerate's stock after purchasing an additional 10,580 shares during the quarter. Danaher comprises about 1.6% of S Bank Fund Management Ltd's holdings, making the stock its 15th largest position. S Bank Fund Management Ltd's holdings in Danaher were worth $11,979,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DHR. Enterprise Financial Services Corp increased its position in shares of Danaher by 1.4% during the fourth quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate's stock valued at $737,000 after buying an additional 46 shares during the period. Kennebec Savings Bank boosted its position in shares of Danaher by 1.4% in the fourth quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate's stock valued at $766,000 after acquiring an additional 46 shares during the period. Revolve Wealth Partners LLC grew its stake in Danaher by 2.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate's stock valued at $428,000 after acquiring an additional 47 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Danaher by 0.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate's stock worth $3,057,000 after acquiring an additional 48 shares during the period. Finally, Norway Savings Bank increased its holdings in Danaher by 0.7% during the 4th quarter. Norway Savings Bank now owns 7,063 shares of the conglomerate's stock worth $1,617,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 79.05% of the company's stock.

Danaher Price Performance

Shares of Danaher stock opened at $174.69 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. Danaher Corporation has a one year low of $172.34 and a one year high of $242.80. The business's 50 day simple moving average is $192.65 and its two-hundred day simple moving average is $213.03. The stock has a market capitalization of $123.64 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81.

Danaher (NYSE:DHR - Get Free Report) last released its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. Analysts forecast that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher's dividend payout ratio is presently 30.95%.

Analysts Set New Price Targets

DHR has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Danaher from $240.00 to $212.00 and set an "equal weight" rating for the company in a report on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $245.00 price target on shares of Danaher in a report on Tuesday, April 21st. Evercore boosted their target price on Danaher from $225.00 to $232.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Morgan Stanley reduced their target price on Danaher from $270.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 22nd. Finally, Barclays dropped their price target on Danaher from $250.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 14th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $240.70.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.80% of the stock is currently owned by company insiders.

Danaher Profile

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.

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