Welch & Forbes LLC boosted its stake in shares of Danaher Corporation (NYSE:DHR – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 690,602 shares of the conglomerate’s stock after buying an additional 5,749 shares during the period. Danaher comprises 1.9% of Welch & Forbes LLC’s investment portfolio, making the stock its 13th largest holding. Welch & Forbes LLC owned about 0.10% of Danaher worth $141,573,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of DHR. GHP Investment Advisors Inc. grew its stake in shares of Danaher by 396.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate’s stock valued at $25,000 after buying an additional 99 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Danaher in the fourth quarter valued at approximately $27,000. Sierra Ocean LLC grew its position in Danaher by 116.9% in the first quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Danaher during the 1st quarter worth $31,000. Finally, Hurley Capital LLC bought a new position in shares of Danaher during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 79.05% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Danaher from $275.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. Leerink Partners lifted their price objective on shares of Danaher from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of Danaher in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.
Insider Buying and Selling at Danaher
In other Danaher news, Chairman Steven M. Rales sold 1,250,000 shares of Danaher stock in a transaction on Monday, May 12th. The stock was sold at an average price of $196.74, for a total transaction of $245,925,000.00. Following the completion of the transaction, the chairman directly owned 3,105,808 shares of the company’s stock, valued at approximately $611,036,665.92. This trade represents a 28.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher Paul Riley sold 15,805 shares of Danaher stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $198.00, for a total value of $3,129,390.00. Following the transaction, the executive vice president directly owned 15,179 shares of the company’s stock, valued at approximately $3,005,442. The trade was a 51.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.20% of the stock is owned by company insiders.
Danaher Stock Down 2.5%
Shares of DHR stock opened at $192.74 on Wednesday. The stock has a market cap of $137.94 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 2.78 and a beta of 0.77. Danaher Corporation has a one year low of $171.00 and a one year high of $281.70. The stock has a fifty day moving average price of $196.11 and a 200 day moving average price of $205.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.05.
Danaher (NYSE:DHR – Get Free Report) last issued its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 EPS for the quarter, topping the consensus estimate of $1.62 by $0.26. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Danaher had a return on equity of 10.80% and a net margin of 15.81%. Analysts predict that Danaher Corporation will post 7.63 earnings per share for the current year.
Danaher Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.66%. Danaher’s dividend payout ratio (DPR) is currently 24.85%.
Danaher Profile
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.
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