Mountain Pacific Investment Advisers LLC Has $40.29 Million Holdings in Danaher Corporation $DHR

Mountain Pacific Investment Advisers LLC trimmed its holdings in shares of Danaher Corporation (NYSE:DHR) by 2.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 203,943 shares of the conglomerate’s stock after selling 4,372 shares during the quarter. Danaher accounts for approximately 2.9% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 11th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in Danaher were worth $40,287,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in Danaher in the 1st quarter valued at about $176,000. Merit Financial Group LLC increased its holdings in shares of Danaher by 44.8% during the first quarter. Merit Financial Group LLC now owns 14,555 shares of the conglomerate’s stock valued at $2,984,000 after acquiring an additional 4,505 shares in the last quarter. ST Germain D J Co. Inc. raised its position in shares of Danaher by 18.0% during the first quarter. ST Germain D J Co. Inc. now owns 4,197 shares of the conglomerate’s stock worth $860,000 after purchasing an additional 639 shares during the period. RFG Advisory LLC lifted its holdings in shares of Danaher by 92.2% in the 1st quarter. RFG Advisory LLC now owns 12,330 shares of the conglomerate’s stock worth $2,528,000 after purchasing an additional 5,914 shares in the last quarter. Finally, Triangle Securities Wealth Management lifted its holdings in shares of Danaher by 50.2% in the 1st quarter. Triangle Securities Wealth Management now owns 5,628 shares of the conglomerate’s stock worth $1,154,000 after purchasing an additional 1,882 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DHR shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Danaher from $240.00 to $235.00 in a report on Thursday, June 5th. Bank of America decreased their target price on shares of Danaher from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Evercore ISI cut their price target on Danaher from $230.00 to $226.00 and set an “outperform” rating for the company in a research note on Tuesday, July 8th. Finally, Scotiabank raised Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 price objective for the company in a research note on Friday, July 11th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $245.91.

Danaher Stock Up 7.4%

Danaher stock opened at $212.92 on Thursday. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $279.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.22 and a current ratio of 1.62. The firm’s 50-day simple moving average is $199.85 and its 200 day simple moving average is $197.42. The stock has a market cap of $152.46 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 2.82 and a beta of 0.77.

Danaher (NYSE:DHR) last posted its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 EPS for the quarter, topping the consensus estimate of $1.64 by $0.16. Danaher had a net margin of 14.21% and a return on equity of 10.70%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the firm earned $1.72 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Research analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, September 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s dividend payout ratio (DPR) is currently 27.23%.

Insider Activity at Danaher

In other news, Director Teri List sold 2,778 shares of Danaher stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $211.06, for a total transaction of $586,324.68. Following the sale, the director directly owned 20,751 shares in the company, valued at $4,379,706.06. The trade was a 11.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by insiders.

About Danaher

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.