Choreo LLC Purchases 4,494 Shares of Danaher Corporation $DHR

Choreo LLC boosted its holdings in Danaher Corporation (NYSE:DHR) by 29.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,885 shares of the conglomerate’s stock after purchasing an additional 4,494 shares during the period. Choreo LLC’s holdings in Danaher were worth $4,405,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Danaher during the second quarter worth about $10,492,520,000. Wellington Management Group LLP grew its position in Danaher by 10.4% during the second quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock worth $3,108,031,000 after buying an additional 1,542,310 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Danaher during the second quarter worth about $1,456,317,000. Generation Investment Management LLP purchased a new position in Danaher in the second quarter worth $1,287,949,000. Finally, Bank of America Corp DE purchased a new position in shares of Danaher during the 2nd quarter valued at about $993,846,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the topic of several recent research reports. Guggenheim raised their price target on Danaher from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a research report on Monday, October 26th. TD Cowen boosted their target price on shares of Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Stifel Nicolaus boosted their price objective on Danaher from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Finally, Robert W. Baird raised their target price on shares of Danaher from $246.00 to $254.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $242.91.

Danaher Stock Down 2.0%

Shares of DHR opened at $232.22 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.45. The firm has a market cap of $163.37 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76. The company’s 50-day moving average price is $218.92 and its 200 day moving average price is $201.77. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80.

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

Danaher Announces Dividend

The firm also recently declared 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 was Wednesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Danaher’s dividend payout ratio is currently 26.19%.

Insiders Place Their Bets

In other Danaher news, CAO Christopher Bouda sold 7,598 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $234.56, for a total transaction of $1,782,186.88. Following the completion of the sale, the chief accounting officer owned 9,107 shares of the company’s stock, valued at approximately $2,136,137.92. The trade was a 45.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.