Corton Capital Inc. Buys Shares of 1,140 Danaher Corporation $DHR

Corton Capital Inc. bought a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,140 shares of the conglomerate’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Machina Capital S.A.S. grew its position in Danaher by 56.0% in the second quarter. Machina Capital S.A.S. now owns 22,892 shares of the conglomerate’s stock valued at $4,522,000 after acquiring an additional 8,215 shares during the last quarter. Texas Bank & Trust Co grew its position in Danaher by 1.6% in the second quarter. Texas Bank & Trust Co now owns 3,567 shares of the conglomerate’s stock valued at $705,000 after acquiring an additional 55 shares during the last quarter. Intellectus Partners LLC acquired a new position in Danaher in the 2nd quarter worth about $371,000. Telos Capital Management Inc. increased its holdings in Danaher by 4.1% in the 2nd quarter. Telos Capital Management Inc. now owns 47,160 shares of the conglomerate’s stock worth $9,316,000 after purchasing an additional 1,879 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Danaher by 205.8% in the 2nd quarter. South Dakota Investment Council now owns 48,869 shares of the conglomerate’s stock worth $9,654,000 after purchasing an additional 32,887 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of a number of recent research reports. Evercore ISI upped their target price on Danaher from $226.00 to $245.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a research report on Sunday. Bank of America reduced their target price on Danaher from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Danaher in a report on Wednesday, October 8th. Finally, Scotiabank upgraded Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 target price on the stock in a report on Friday, July 11th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.39.

Danaher Stock Down 0.6%

Shares of Danaher stock opened at $214.10 on Tuesday. Danaher Corporation has a one year low of $171.00 and a one year high of $258.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.52 and a quick ratio of 1.10. The stock’s 50-day moving average is $203.53 and its 200 day moving average is $199.79. The firm has a market cap of $151.23 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 3.28 and a beta of 0.77.

Danaher (NYSE:DHR) last announced its earnings results on Tuesday, October 21st. The conglomerate reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Equities research analysts anticipate that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, September 26th were given a dividend of $0.32 per share. The ex-dividend date was Friday, September 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s dividend payout ratio is presently 26.39%.

Insider Activity at Danaher

In related news, Director Teri List sold 2,778 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $211.06, for a total transaction of $586,324.68. Following the sale, the director owned 20,751 shares in the company, valued at $4,379,706.06. This represents a 11.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is currently owned by insiders.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.