Westfield Capital Management Co. LP Has $73.60 Million Stock Position in Danaher Corporation $DHR

Westfield Capital Management Co. LP raised its holdings in Danaher Corporation (NYSE:DHR) by 6,390.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 321,487 shares of the conglomerate’s stock after acquiring an additional 316,534 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Danaher were worth $73,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in shares of Danaher in the 3rd quarter worth approximately $25,000. WFA of San Diego LLC acquired a new position in shares of Danaher in the 2nd quarter worth approximately $26,000. Elevated Capital Advisors LLC acquired a new position in shares of Danaher in the 4th quarter worth approximately $26,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Danaher in the 3rd quarter worth approximately $27,000. Finally, Financial Life Planners acquired a new position in shares of Danaher in the 3rd quarter worth approximately $32,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Wells Fargo & Company dropped their target price on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen downgraded shares of Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Jefferies Financial Group reiterated a “buy” rating and set a $245.00 target price on shares of Danaher in a research report on Tuesday, April 21st. Finally, TD Cowen dropped their target price on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.14.

Danaher Stock Performance

DHR opened at $184.45 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $181.29 and its two-hundred day moving average price is $206.19. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The company has a market cap of $130.55 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.49 and a beta of 0.81.

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

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 26th. Danaher’s dividend payout ratio (DPR) 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.