J. Safra Sarasin Holding AG Has $31.57 Million Stake in Danaher Corporation $DHR

J. Safra Sarasin Holding AG boosted its position in shares of Danaher Corporation (NYSE:DHR) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,920 shares of the conglomerate’s stock after acquiring an additional 30,333 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Danaher were worth $31,573,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Viking Global Investors LP increased its stake in shares of Danaher by 543.9% during the 2nd quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock worth $574,351,000 after purchasing an additional 2,455,994 shares during the last quarter. Generation Investment Management LLP lifted its stake in Danaher by 34.0% in the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Danaher by 211.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock valued at $414,038,000 after purchasing an additional 1,418,243 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Danaher by 33.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock worth $697,680,000 after purchasing an additional 891,210 shares during the period. Finally, Invesco Ltd. grew its holdings in Danaher by 23.7% during the third quarter. Invesco Ltd. now owns 3,813,128 shares of the conglomerate’s stock worth $755,991,000 after purchasing an additional 729,597 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Up 1.3%

Danaher stock opened at $183.93 on Tuesday. The company’s 50-day moving average price is $208.26 and its two-hundred day moving average price is $214.62. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The stock has a market cap of $130.17 billion, a P/E ratio of 36.49, a P/E/G ratio of 2.46 and a beta of 0.93. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $242.80.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts expect that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a $0.40 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. This trade represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DHR has been the topic of several research analyst reports. Evercore restated an “outperform” rating and issued a $254.00 price objective on shares of Danaher in a research note on Wednesday, January 28th. Guggenheim raised their price objective on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Leerink Partners increased their price target on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company raised their price target on Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.