Bullock Wealth Management Group grew its holdings in shares of Danaher Corporation (NYSE:DHR – Free Report) by 45,050.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,515 shares of the conglomerate’s stock after buying an additional 4,505 shares during the quarter. Bullock Wealth Management Group’s holdings in Danaher were worth $1,000,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Wedmont Private Capital lifted its holdings in shares of Danaher by 939.2% during the 3rd quarter. Wedmont Private Capital now owns 30,988 shares of the conglomerate’s stock valued at $6,865,000 after acquiring an additional 28,006 shares in the last quarter. BOS Asset Management LLC purchased a new stake in Danaher during the 3rd quarter worth $1,207,000. Dakota Community Bank & Trust NA increased its holdings in Danaher by 67.0% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 294 shares of the conglomerate’s stock valued at $65,000 after purchasing an additional 118 shares in the last quarter. Graves Light Lenhart Wealth Inc. purchased a new position in Danaher in the third quarter valued at about $2,087,000. Finally, Hummer Financial Advisory Services Inc raised its position in Danaher by 278.3% in the third quarter. Hummer Financial Advisory Services Inc now owns 6,185 shares of the conglomerate’s stock valued at $1,370,000 after purchasing an additional 4,550 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on DHR. 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. Barclays raised their target price on Danaher from $230.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings upgraded Danaher from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. TD Cowen lowered their price objective on shares of Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Evercore reiterated an “outperform” rating and set a $230.00 price objective on shares of Danaher in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.23.
Danaher Stock Up 1.2%
DHR traded up $2.69 on Friday, reaching $220.15. The company’s stock had a trading volume of 3,934,329 shares, compared to its average volume of 4,457,726. The stock has a market cap of $154.76 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The business’s 50 day moving average is $210.88 and its 200 day moving average is $194.44.
Danaher (NYSE:DHR – Get Free Report) last posted its quarterly earnings data 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. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the business earned $0.77 EPS. Danaher’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Danaher Corporation will post 8.53 EPS for the current fiscal year.
Danaher Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s payout ratio 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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