PBU The Pension Fund of Early Childhood & Youth Educators Takes $18.60 Million Position in Danaher Corporation $DHR

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Danaher Corporation (NYSE:DHR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 81,250 shares of the conglomerate’s stock, valued at approximately $18,600,000.

A number of other large investors have also recently modified their holdings of the business. Enterprise Financial Services Corp raised its holdings in shares of Danaher by 1.4% during the 4th quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock valued at $737,000 after buying an additional 46 shares in the last quarter. Kennebec Savings Bank grew its position in Danaher by 1.4% during the 4th quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate’s stock worth $766,000 after acquiring an additional 46 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Danaher by 2.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock worth $428,000 after acquiring an additional 47 shares during the last quarter. High Note Wealth LLC grew its position in Danaher by 19.2% during the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate’s stock worth $67,000 after acquiring an additional 47 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Danaher by 0.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate’s stock worth $3,057,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the topic of several recent research reports. Royal Bank Of Canada initiated coverage on Danaher in a research report on Thursday, May 14th. They set an “outperform” rating and a $200.00 price target on the stock. TD Cowen reduced their price target on Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a $245.00 price target on shares of Danaher in a research report on Tuesday, April 21st. UBS Group reduced their price target on Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, DZ Bank initiated coverage on Danaher in a research report on Wednesday. They set a “buy” rating and a $210.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $235.14.

Danaher Trading Down 1.2%

NYSE DHR opened at $184.45 on Friday. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The stock has a 50 day simple moving average of $181.29 and a two-hundred day simple moving average of $206.19. The stock has a market cap of $130.55 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81.

Danaher (NYSE:DHR) last released its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the business posted $1.88 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

About Danaher

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.