Slow Capital Inc. Purchases 443 Shares of Danaher Corporation $DHR

Slow Capital Inc. boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 3.8% in the second quarter, Holdings Channel.com reports. The fund owned 12,143 shares of the conglomerate’s stock after acquiring an additional 443 shares during the quarter. Slow Capital Inc.’s holdings in Danaher were worth $2,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS increased its stake in Danaher by 2.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 234,751 shares of the conglomerate’s stock worth $46,437,000 after buying an additional 6,000 shares during the period. Hardy Reed LLC raised its holdings in shares of Danaher by 8.2% in the 2nd quarter. Hardy Reed LLC now owns 8,184 shares of the conglomerate’s stock valued at $1,617,000 after purchasing an additional 621 shares in the last quarter. Spear Holdings RSC Ltd lifted its position in shares of Danaher by 50.6% in the 2nd quarter. Spear Holdings RSC Ltd now owns 409,384 shares of the conglomerate’s stock worth $80,870,000 after purchasing an additional 137,484 shares during the period. Capital Advisors Inc. OK boosted its stake in shares of Danaher by 1.7% during the second quarter. Capital Advisors Inc. OK now owns 174,322 shares of the conglomerate’s stock valued at $34,435,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Red Tortoise LLC increased its holdings in Danaher by 175.0% during the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock valued at $30,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DHR shares. Robert W. Baird lifted their price target on Danaher from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Barclays reiterated an “overweight” rating and issued a $225.00 target price (up from $215.00) on shares of Danaher in a report on Tuesday, June 24th. Evercore ISI lowered their price target on shares of Danaher from $230.00 to $226.00 and set an “outperform” rating on the stock in a report on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Danaher in a research note on Saturday, September 27th. Finally, Scotiabank upgraded shares of Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 target price for the company in a research note on Friday, July 11th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.91.

Danaher Stock Down 1.6%

DHR stock opened at $211.65 on Tuesday. The company has a market capitalization of $151.55 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $279.41. The firm’s fifty day simple moving average is $200.36 and its 200-day simple moving average is $197.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.22.

Danaher (NYSE:DHR) last issued 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 net margin of 14.21% and a return on equity of 10.70%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the company posted $1.72 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. As a group, equities research analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Announces Dividend

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

Insider Transactions at Danaher

In other Danaher news, Director Teri List sold 2,778 shares of the company’s stock in a transaction that occurred 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 owned 20,751 shares in the company, valued at approximately $4,379,706.06. This represents a 11.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.