Wealthfront Advisers LLC Has $8.10 Million Holdings in Danaher Corporation $DHR

Wealthfront Advisers LLC decreased its holdings in Danaher Corporation (NYSE:DHR) by 21.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 40,844 shares of the conglomerate’s stock after selling 10,969 shares during the quarter. Wealthfront Advisers LLC’s holdings in Danaher were worth $8,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHR. Vanguard Group Inc. lifted its holdings in shares of Danaher by 1.3% in the second quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock valued at $12,004,424,000 after purchasing an additional 788,499 shares in the last quarter. Geode Capital Management LLC raised its position in Danaher by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 13,726,194 shares of the conglomerate’s stock valued at $2,697,800,000 after buying an additional 81,670 shares during the last quarter. Norges Bank purchased a new stake in Danaher in the 2nd quarter valued at $1,979,503,000. Generation Investment Management LLP lifted its stake in Danaher by 56.2% during the 2nd quarter. Generation Investment Management LLP now owns 4,965,646 shares of the conglomerate’s stock valued at $980,914,000 after acquiring an additional 1,787,522 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Danaher by 4.0% during the 2nd quarter. Franklin Resources Inc. now owns 4,822,442 shares of the conglomerate’s stock worth $952,625,000 after acquiring an additional 186,357 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen reiterated a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. Wells Fargo & Company upped their price objective on shares of Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. JPMorgan Chase & Co. lifted their target price on shares of Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Finally, Leerink Partners increased their price target on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Twenty analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $253.86.

Insider Buying and Selling

In other Danaher news, Director Teri List sold 3,298 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total transaction of $746,997.00. Following the completion of the transaction, the director owned 20,762 shares in the company, valued at $4,702,593. This trade represents a 13.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by company insiders.

Danaher Trading Up 0.1%

NYSE:DHR opened at $219.97 on Thursday. Danaher Corporation has a 12 month low of $171.00 and a 12 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 firm’s 50 day moving average is $229.15 and its 200 day moving average is $215.40. The stock has a market capitalization of $155.38 billion, a PE ratio of 43.65, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.09. The business 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%.Danaher’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.14 earnings per share. Sell-side analysts expect that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, December 26th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, December 26th. Danaher’s payout ratio is currently 25.40%.

Danaher 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.