Wealth Intelligence LLC Purchases 25,620 Shares of Danaher Corporation $DHR

Key Points

• Wealth Intelligence LLC acquired 25,620 Danaher shares worth approximately $5.7 million, making DHR its ninth-largest holding and 2.5% of its portfolio. Institutional investors collectively own 79.05% of the stock.
• Analyst sentiment is broadly positive: Danaher has a consensus rating of “Moderate Buy” and an average price target of $235.41, with several firms recently raising targets to $250–$255.
• Danaher reported quarterly EPS of $1.94 and revenue of $6.26 billion, exceeding estimates, while revenue grew 5.5% year over year. The company also declared a quarterly dividend of $0.40 per share, implying a 0.7% yield.

Wealth Intelligence LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,620 shares of the conglomerate's stock, valued at approximately $5,676,000. Danaher accounts for about 2.5% of Wealth Intelligence LLC's investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Main Street Group LTD purchased a new stake in shares of Danaher in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Danaher during the second quarter valued at about $25,000. Marquette Asset Management LLC increased its position in shares of Danaher by 192.1% during the third quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate's stock valued at $25,000 after buying an additional 73 shares during the period. Evolution Wealth Management Inc. increased its position in shares of Danaher by 208.0% during the first quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate's stock valued at $29,000 after buying an additional 104 shares during the period. Finally, Field & Main Bank bought a new position in Danaher in the second quarter worth about $29,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DHR. TD Cowen raised their price objective on shares of Danaher from $236.00 to $255.00 and gave the stock a "buy" rating in a report on Tuesday. UBS Group started coverage on Danaher in a research report on Wednesday, September 9th. They set a "buy" rating and a $250.00 price objective on the stock. Wall Street Zen upgraded Danaher from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. The Goldman Sachs Group increased their target price on Danaher from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 21st. Finally, Wells Fargo & Company decreased their target price on Danaher from $212.00 to $195.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $235.41.

Danaher Stock Down 1.1%

DHR stock traded down $2.63 during trading on Friday, hitting $228.87. 3,516,366 shares of the stock traded hands, compared to its average volume of 4,667,069. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The firm's 50 day moving average is $214.04 and its two-hundred day moving average is $195.97. The stock has a market cap of $160.89 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25.

Danaher (NYSE:DHR - Get Free Report) last issued 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 business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, sell-side analysts anticipate that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend 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 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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