Steward Partners Investment Advisory LLC Has $4.22 Million Stake in Danaher Corporation $DHR

Key Points

• Steward Partners Investment Advisory LLC reduced its stake in Danaher Corporation by 38.9% in the first quarter, holding 20,600 shares worth $4.22 million after selling 13,106 shares.
• Danaher Corporation's stock reached a value of $212.24 with a market capitalization of approximately $151.97 billion, and the company reported earnings per share (EPS) of $1.80, beating expectations by $0.16.
• Seventeen research analysts have rated Danaher with a Buy rating, with an average target price of $247.61, reflecting positive market sentiment.

Steward Partners Investment Advisory LLC trimmed its position in shares of Danaher Corporation (NYSE:DHR - Free Report) by 38.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,600 shares of the conglomerate's stock after selling 13,106 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Danaher were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Danaher by 16.9% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 12,066 shares of the conglomerate's stock valued at $2,474,000 after buying an additional 1,741 shares during the last quarter. Boston Family Office LLC lifted its holdings in shares of Danaher by 1.4% during the 1st quarter. Boston Family Office LLC now owns 37,466 shares of the conglomerate's stock valued at $7,681,000 after buying an additional 503 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in Danaher by 2.9% in the 1st quarter. Tocqueville Asset Management L.P. now owns 47,181 shares of the conglomerate's stock worth $9,672,000 after purchasing an additional 1,343 shares during the last quarter. Redmond Asset Management LLC lifted its holdings in Danaher by 1.3% in the 1st quarter. Redmond Asset Management LLC now owns 12,907 shares of the conglomerate's stock worth $2,646,000 after purchasing an additional 170 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in Danaher by 8.4% in the 1st quarter. Ethic Inc. now owns 61,061 shares of the conglomerate's stock worth $12,236,000 after purchasing an additional 4,728 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $250.00 target price on shares of Danaher in a report on Wednesday, April 23rd. Scotiabank upgraded Danaher from a "sector perform" rating to a "sector outperform" rating and set a $275.00 target price for the company in a report on Friday, July 11th. The Goldman Sachs Group reduced their target price on Danaher from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. UBS Group reduced their target price on Danaher from $240.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reduced their target price on Danaher from $260.00 to $230.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Danaher has an average rating of "Moderate Buy" and an average price target of $247.61.

Danaher Stock Up 1.5%

Shares of DHR stock opened at $212.2350 on Wednesday. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $279.90. The firm has a market cap of $151.97 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73. The stock has a 50 day moving average of $200.33 and a 200-day moving average of $199.54. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

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

Danaher Company 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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