PFG Investments LLC Buys 2,818 Shares of Danaher Corporation $DHR

PFG Investments LLC grew its stake in shares of Danaher Corporation (NYSE:DHR) by 45.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,974 shares of the conglomerate’s stock after purchasing an additional 2,818 shares during the period. PFG Investments LLC’s holdings in Danaher were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baer Investment Advisory LLC acquired a new position in Danaher during the 1st quarter worth approximately $365,000. Turtle Creek Wealth Advisors LLC grew its stake in Danaher by 4.2% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 3,872 shares of the conglomerate’s stock valued at $734,000 after acquiring an additional 157 shares during the period. DB Fitzpatrick & Co Inc grew its stake in Danaher by 27.4% in the first quarter. DB Fitzpatrick & Co Inc now owns 10,827 shares of the conglomerate’s stock valued at $2,053,000 after acquiring an additional 2,328 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Danaher during the first quarter valued at approximately $14,463,000. Finally, Leonteq Securities AG increased its holdings in shares of Danaher by 124.8% during the first quarter. Leonteq Securities AG now owns 12,805 shares of the conglomerate’s stock valued at $2,428,000 after acquiring an additional 7,109 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHR. The Goldman Sachs Group cut their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada started coverage on shares of Danaher in a research note on Thursday, May 14th. They set an “outperform” rating and a $200.00 price target for the company. HSBC lowered their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Argus reduced their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Danaher from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.61.

Danaher Stock Performance

NYSE DHR opened at $197.85 on Friday. 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 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The firm has a market cap of $140.03 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.52 and a beta of 0.79. The company has a fifty day moving average price of $179.01 and a 200-day moving average price of $200.54.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Danaher Corporation will post 8.44 EPS for the current fiscal year.

Danaher Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

Danaher 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.