Findlay Park Partners LLP Has $109.94 Million Stake in Danaher Corporation $DHR

Findlay Park Partners LLP lowered its position in Danaher Corporation (NYSE:DHR) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 554,500 shares of the conglomerate’s stock after selling 9,900 shares during the quarter. Findlay Park Partners LLP owned approximately 0.08% of Danaher worth $109,935,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. White Pine Capital LLC grew its holdings in Danaher by 1.4% during the second quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock worth $690,000 after purchasing an additional 49 shares during the period. SOL Capital Management CO lifted its position in shares of Danaher by 2.8% in the third quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock valued at $363,000 after buying an additional 50 shares during the last quarter. Purkiss Capital Advisors LLC increased its holdings in shares of Danaher by 3.9% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock worth $263,000 after acquiring an additional 50 shares during the last quarter. TCTC Holdings LLC raised its stake in Danaher by 0.7% in the 3rd quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock valued at $1,475,000 after acquiring an additional 51 shares during the period. Finally, Howard Capital Management Group LLC raised its stake in Danaher by 4.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock valued at $230,000 after acquiring an additional 53 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHR has been the topic of several research reports. HSBC upped their price objective on shares of Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Guggenheim increased their target price on Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. Leerink Partners upped their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, Morgan Stanley assumed coverage on Danaher in a research report on Monday, December 1st. They set an “overweight” rating and a $270.00 price objective on the stock. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.86.

Danaher Stock Up 0.4%

Shares of NYSE DHR opened at $210.28 on Friday. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80. The stock’s fifty day moving average is $225.33 and its 200 day moving average is $216.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The stock has a market capitalization of $148.70 billion, a P/E ratio of 41.72, a PEG ratio of 2.83 and a beta of 0.91.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, beating the consensus estimate of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. During the same period last year, the firm earned $2.14 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio (DPR) is 25.40%.

Insider Activity

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.