Danaher Corporation $DHR Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in Danaher Corporation (NYSE:DHR) by 698.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 24,960 shares of the conglomerate’s stock after acquiring an additional 21,832 shares during the period. Edgestream Partners L.P.’s holdings in Danaher were worth $4,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Red Tortoise LLC raised its stake in shares of Danaher by 175.0% in the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 98 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in Danaher in the 2nd quarter worth approximately $40,000. Costello Asset Management INC purchased a new position in Danaher during the 1st quarter worth approximately $41,000. Strengthening Families & Communities LLC lifted its stake in Danaher by 81.4% during the 1st quarter. Strengthening Families & Communities LLC now owns 254 shares of the conglomerate’s stock valued at $52,000 after acquiring an additional 114 shares during the period. Finally, Saudi Central Bank purchased a new stake in shares of Danaher in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Up 1.2%

Shares of DHR opened at $226.82 on Wednesday. The firm has a market cap of $160.21 billion, a P/E ratio of 46.77, a PEG ratio of 4.35 and a beta of 0.89. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $258.23. The stock’s 50 day moving average is $213.63 and its two-hundred day moving average is $203.77. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last announced its earnings results on Monday, October 20th. The conglomerate reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company posted $1.71 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts predict that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, September 26th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, September 26th. Danaher’s dividend payout ratio (DPR) is presently 26.39%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Danaher in a research note on Wednesday, October 8th. Evercore ISI upped their target price on Danaher from $226.00 to $245.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. HSBC raised their target price on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on Danaher from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.75.

Insider Activity

In related news, SVP Georgeann Couchara sold 5,174 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $210.42, for a total value of $1,088,713.08. Following the transaction, the senior vice president directly owned 2,625 shares of the company’s stock, valued at approximately $552,352.50. This trade represents a 66.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Teri List sold 3,298 shares of Danaher stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.50, for a total value of $746,997.00. Following the completion of the sale, the director owned 20,762 shares in the company, valued at approximately $4,702,593. The trade was a 13.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,248 shares of company stock worth $6,609,663 over the last 90 days. 11.20% of the stock is currently owned by company insiders.

Danaher Company 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.