Janus Henderson Group PLC Sells 95,310 Shares of Danaher Corporation $DHR

Janus Henderson Group PLC decreased its stake in shares of Danaher Corporation (NYSE:DHR) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,817,606 shares of the conglomerate’s stock after selling 95,310 shares during the quarter. Danaher accounts for about 0.7% of Janus Henderson Group PLC’s investment portfolio, making the stock its 20th biggest position. Janus Henderson Group PLC’s holdings in Danaher were worth $1,548,925,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Evolve Private Wealth LLC bought a new position in shares of Danaher during the 4th quarter worth about $1,070,000. Engineers Gate Manager LP increased its holdings in shares of Danaher by 39.2% during the 4th quarter. Engineers Gate Manager LP now owns 67,240 shares of the conglomerate’s stock worth $15,393,000 after purchasing an additional 18,924 shares during the period. Eversept Partners LP increased its holdings in shares of Danaher by 87.6% during the 4th quarter. Eversept Partners LP now owns 186,262 shares of the conglomerate’s stock worth $42,639,000 after purchasing an additional 86,989 shares during the period. Castle Hook Partners LP bought a new position in shares of Danaher during the 4th quarter worth about $263,734,000. Finally, Cinctive Capital Management LP increased its holdings in shares of Danaher by 90.7% during the 4th quarter. Cinctive Capital Management LP now owns 23,298 shares of the conglomerate’s stock worth $5,333,000 after purchasing an additional 11,083 shares during the period. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

DHR has been the topic of several research reports. Piper Sandler initiated coverage on shares of Danaher in a report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective on the stock. Wolfe Research downgraded shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. HSBC decreased their target price on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. TD Cowen decreased their target price on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Barclays decreased their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $233.61.

Danaher Price Performance

Shares of Danaher stock opened at $177.85 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The firm’s 50-day simple moving average is $180.26 and its 200-day simple moving average is $203.59. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The firm has a market cap of $125.88 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. As a group, research analysts expect that Danaher Corporation will post 8.45 EPS for the current fiscal year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a $0.40 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s payout ratio is 30.95%.

Danaher Company Profile

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.