2,472 Shares of Danaher Corporation $DHR Bought by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC bought a new stake in shares of Danaher Corporation (NYSE:DHR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,472 shares of the conglomerate’s stock, valued at approximately $548,000.

A number of other large investors have also recently bought and sold shares of the business. Gunderson Capital Management LLC acquired a new stake in shares of Danaher during the third quarter worth approximately $765,000. EP Wealth Advisors LLC bought a new stake in shares of Danaher in the 2nd quarter valued at about $3,807,000. Frank Rimerman Advisors LLC increased its stake in Danaher by 181.9% in the third quarter. Frank Rimerman Advisors LLC now owns 40,855 shares of the conglomerate’s stock valued at $9,051,000 after purchasing an additional 26,363 shares in the last quarter. Birch Hill Investment Advisors LLC raised its position in shares of Danaher by 9.6% during the third quarter. Birch Hill Investment Advisors LLC now owns 40,549 shares of the conglomerate’s stock worth $8,984,000 after purchasing an additional 3,553 shares during the period. Finally, Forbes J M & Co. LLP lifted its position in Danaher by 141.6% in the 3rd quarter. Forbes J M & Co. LLP now owns 4,276 shares of the conglomerate’s stock valued at $947,000 after acquiring an additional 2,506 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup upped their price objective on shares of Danaher from $230.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Guggenheim raised their target price on shares of Danaher from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Monday, October 26th. Wells Fargo & Company cut their price target on Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.91.

Danaher Stock Performance

Shares of NYSE:DHR opened at $234.99 on Thursday. The company’s 50 day simple moving average is $219.77 and its 200 day simple moving average is $201.67. The stock has a market capitalization of $165.32 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.89 and a beta of 0.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 1.29. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Wednesday, October 21st. The conglomerate reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.19. Danaher had a return on equity of 11.17% and a net margin of 16.91%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter last year, the business posted $1.89 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Danaher Corporation will post 8.59 EPS for the current fiscal year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.60 annualized dividend and a yield of 0.7%. Danaher’s dividend payout ratio (DPR) is currently 26.19%.

Insiders Place Their Bets

In related news, CAO Christopher Bouda sold 7,598 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $234.56, for a total value of $1,782,186.88. Following the sale, the chief accounting officer owned 9,107 shares in the company, valued at $2,136,137.92. This represents a 45.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 10.80% of the company’s stock.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.