Temasek Holdings Private Ltd Raises Stock Holdings in Danaher Corporation $DHR

Temasek Holdings Private Ltd lifted its stake in shares of Danaher Corporation (NYSE:DHR) by 53.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,806 shares of the conglomerate’s stock after acquiring an additional 58,906 shares during the period. Temasek Holdings Private Ltd’s holdings in Danaher were worth $33,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tyche Wealth Partners LLC purchased a new stake in Danaher in the 3rd quarter worth approximately $462,000. Ceredex Value Advisors LLC lifted its stake in shares of Danaher by 1.6% during the 2nd quarter. Ceredex Value Advisors LLC now owns 249,377 shares of the conglomerate’s stock worth $49,262,000 after purchasing an additional 3,862 shares during the period. Weitz Investment Management Inc. lifted its stake in shares of Danaher by 6.1% during the 2nd quarter. Weitz Investment Management Inc. now owns 526,950 shares of the conglomerate’s stock worth $104,094,000 after purchasing an additional 30,300 shares during the period. Lockheed Martin Investment Management Co. boosted its holdings in shares of Danaher by 49.4% during the third quarter. Lockheed Martin Investment Management Co. now owns 25,340 shares of the conglomerate’s stock worth $5,024,000 after purchasing an additional 8,380 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of Danaher by 2.9% during the third quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after purchasing an additional 18,744 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Insider Transactions at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DHR shares. Robert W. Baird set a $251.00 target price on Danaher in a research note on Thursday, January 29th. Argus set a $265.00 price target on Danaher in a research note on Wednesday, January 14th. KeyCorp restated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. The Goldman Sachs Group dropped their price objective on shares of Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Danaher Price Performance

Shares of Danaher stock opened at $187.34 on Friday. The business’s fifty day moving average price is $218.79 and its 200 day moving average price is $215.34. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $132.47 billion, a P/E ratio of 37.17, a PEG ratio of 2.52 and a beta of 0.93.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.14 by $0.09. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 earnings per share. As a group, research analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a dividend of $0.40 per share. This is a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s dividend payout ratio is currently 25.40%.

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.