Danaher Corporation $DHR Stock Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. lessened its stake in shares of Danaher Corporation (NYSE:DHR) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,195 shares of the conglomerate’s stock after selling 2,829 shares during the period. Danaher accounts for approximately 2.5% of Dudley & Shanley Inc.’s portfolio, making the stock its 20th biggest position. Dudley & Shanley Inc.’s holdings in Danaher were worth $15,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DHR. Hilton Head Capital Partners LLC acquired a new stake in Danaher during the fourth quarter worth about $27,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Danaher in the 2nd quarter valued at approximately $25,000. Main Street Group LTD purchased a new stake in shares of Danaher in the 1st quarter valued at approximately $25,000. Finally, Field & Main Bank acquired a new stake in shares of Danaher during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

DHR has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Danaher from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Royal Bank Of Canada increased their price target on Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings raised Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Finally, Guggenheim upped their target price on shares of Danaher from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.09.

Danaher Stock Down 1.5%

DHR traded down $3.40 on Tuesday, hitting $217.81. 1,774,393 shares of the company were exchanged, compared to its average volume of 4,452,227. The firm has a 50-day moving average price of $209.69 and a two-hundred day moving average price of $193.88. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company has a market cap of $153.12 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business posted $0.77 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s payout ratio is 28.42%.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.