Doliver Advisors LP acquired a new position in shares of Danaher Corporation (NYSE:DHR – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 5,083 shares of the conglomerate’s stock, valued at approximately $1,126,000.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Danaher in the second quarter worth $10,492,520,000. State Street Corp grew its stake in Danaher by 1.7% during the fourth quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock worth $6,345,529,000 after buying an additional 472,608 shares in the last quarter. Capital International Investors increased its holdings in Danaher by 8.9% in the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock valued at $4,177,386,000 after buying an additional 1,487,768 shares during the period. Wellington Management Group LLP raised its position in shares of Danaher by 10.4% in the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock valued at $3,108,031,000 after buying an additional 1,542,310 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Danaher during the 2nd quarter worth approximately $1,456,317,000. 79.05% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on DHR shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price objective on shares of Danaher in a research report on Wednesday, July 22nd. Weiss Ratings raised Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. UBS Group started coverage on Danaher in a research report on Wednesday, September 9th. They issued a “buy” rating and a $250.00 target price on the stock. DZ Bank initiated coverage on shares of Danaher in a report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 target price for the company. Finally, Piper Sandler initiated coverage on shares of Danaher in a report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.50.
Danaher Trading Down 4.5%
DHR traded down $10.08 during trading on Thursday, reaching $211.47. 5,302,533 shares of the company’s stock were exchanged, compared to its average volume of 4,477,097. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The firm has a fifty day moving average price of $208.38 and a two-hundred day moving average price of $193.37. The stock has a market capitalization of $148.66 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 2.82 and a beta of 0.78.
Danaher (NYSE:DHR – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.
Danaher Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Danaher’s dividend payout ratio is presently 28.42%.
About Danaher
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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