Franklin Street Advisors Inc. NC Boosts Stock Position in Danaher Corporation $DHR

Franklin Street Advisors Inc. NC grew its stake in Danaher Corporation (NYSE:DHR) by 39.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,886 shares of the conglomerate’s stock after purchasing an additional 815 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Danaher were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DHR. NBC Securities Inc. purchased a new stake in shares of Danaher in the first quarter valued at approximately $176,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Danaher by 26.9% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,914 shares of the conglomerate’s stock valued at $1,212,000 after purchasing an additional 1,252 shares in the last quarter. Vest Financial LLC grew its position in shares of Danaher by 73.6% in the first quarter. Vest Financial LLC now owns 5,361 shares of the conglomerate’s stock valued at $1,099,000 after purchasing an additional 2,273 shares in the last quarter. Fjell Capital LLC lifted its holdings in Danaher by 20.6% in the first quarter. Fjell Capital LLC now owns 2,386 shares of the conglomerate’s stock valued at $489,000 after acquiring an additional 408 shares during the last quarter. Finally, Curat Global LLC acquired a new position in Danaher in the first quarter valued at approximately $219,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DHR shares. Royal Bank Of Canada set a $241.00 price objective on Danaher in a 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 on the stock in a report on Friday, July 11th. Barclays reiterated an “overweight” rating and issued a $225.00 price objective (up from $215.00) on shares of Danaher in a report on Tuesday, June 24th. UBS Group decreased their price objective on Danaher from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price objective on Danaher from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.91.

Danaher Price Performance

DHR opened at $215.05 on Friday. The stock’s 50-day moving average price is $200.19 and its 200 day moving average price is $197.42. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $279.41. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.32. The firm has a market cap of $153.98 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 3.00 and a beta of 0.77.

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

Danaher Announces Dividend

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

Insider Activity

In other news, Director Teri List sold 2,778 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $211.06, for a total value of $586,324.68. Following the sale, the director directly owned 20,751 shares in the company, valued at approximately $4,379,706.06. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

About Danaher

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.