Kiley Juergens Wealth Management LLC Invests $1.12 Million in Danaher Corporation $DHR

Kiley Juergens Wealth Management LLC purchased a new stake in shares of Danaher Corporation (NYSE:DHR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,891 shares of the conglomerate’s stock, valued at approximately $1,117,000.

Several other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in Danaher during the third quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new position in shares of Danaher in the 4th quarter worth $26,000. WFA of San Diego LLC bought a new stake in shares of Danaher in the 2nd quarter worth about $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Danaher during the 4th quarter valued at about $27,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Danaher by 71.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DHR shares. Wells Fargo & Company dropped their price target on Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Danaher from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Robert W. Baird lowered their price objective on Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. TD Cowen cut their target price on Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group decreased their price target on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.52.

Danaher Trading Down 0.1%

Danaher stock traded down $0.13 during midday trading on Tuesday, reaching $193.49. The stock had a trading volume of 611,137 shares, compared to its average volume of 4,332,337. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The firm has a market cap of $136.95 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The company has a fifty day moving average of $179.01 and a 200 day moving average of $200.34.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share. On average, analysts anticipate that Danaher Corporation will post 8.44 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio is 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.