Danaher Corporation $DHR is David Wealth Management LLC’s 8th Largest Position

David Wealth Management LLC increased its holdings in shares of Danaher Corporation (NYSE:DHR) by 0.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,340 shares of the conglomerate’s stock after purchasing an additional 147 shares during the period. Danaher accounts for 4.5% of David Wealth Management LLC’s holdings, making the stock its 8th biggest holding. David Wealth Management LLC’s holdings in Danaher were worth $5,993,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in shares of Danaher during the 1st quarter worth $176,000. Vest Financial LLC raised its holdings in Danaher by 73.6% in the first quarter. Vest Financial LLC now owns 5,361 shares of the conglomerate’s stock worth $1,099,000 after purchasing an additional 2,273 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Danaher by 34.0% during the first quarter. Sivia Capital Partners LLC now owns 1,890 shares of the conglomerate’s stock valued at $387,000 after buying an additional 480 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Danaher by 7.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,067 shares of the conglomerate’s stock valued at $219,000 after buying an additional 72 shares in the last quarter. Finally, Kennebec Savings Bank grew its position in shares of Danaher by 3.8% in the 1st quarter. Kennebec Savings Bank now owns 3,052 shares of the conglomerate’s stock worth $626,000 after buying an additional 111 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DHR shares. Royal Bank Of Canada set a $241.00 target price on shares of Danaher in a research report on Tuesday, September 2nd. Scotiabank upgraded Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 price objective for the company in a report on Friday, July 11th. Evercore ISI dropped their target price on Danaher from $230.00 to $226.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Danaher in a research note on Saturday, September 27th. Finally, UBS Group lowered their price target on Danaher from $240.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.91.

Insider Buying and Selling at Danaher

In related news, Director Teri List sold 2,778 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $211.06, for a total transaction of $586,324.68. Following the completion of the transaction, the director owned 20,751 shares of the company’s stock, valued at $4,379,706.06. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.20% of the stock is owned by insiders.

Danaher Stock Up 2.2%

Danaher stock opened at $215.05 on Monday. The business’s 50-day simple moving average is $200.19 and its two-hundred day simple moving average is $197.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.22 and a current ratio of 1.62. The company has a market cap of $153.98 billion, a PE ratio of 45.75, a PEG ratio of 3.06 and a beta of 0.77. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $279.41.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.16. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.83 billion. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Equities analysts anticipate that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, September 26th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 26th. Danaher’s dividend payout ratio is 27.23%.

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.