Intact Investment Management Inc. Buys New Holdings in Danaher Corporation $DHR

Intact Investment Management Inc. purchased a new position in shares of Danaher Corporation (NYSE:DHR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,700 shares of the conglomerate’s stock, valued at approximately $1,328,000.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DHR shares. Argus set a $265.00 price objective on shares of Danaher in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Danaher from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Danaher from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group boosted their target price on Danaher from $245.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Leerink Partners lifted their price target on Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.09.

Danaher Price Performance

DHR stock opened at $236.70 on Tuesday. The company has a market capitalization of $167.19 billion, a PE ratio of 48.80, a P/E/G ratio of 3.58 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $230.59 and its two-hundred day moving average is $213.48. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $258.23.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, December 26th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.28 annualized dividend and a yield of 0.5%. Danaher’s dividend payout ratio is currently 26.39%.

Insider Buying and Selling at Danaher

In other Danaher news, SVP Brian W. Ellis sold 21,776 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $219.23, for a total transaction of $4,773,952.48. Following the completion of the transaction, the senior vice president directly owned 14,553 shares of the company’s stock, valued at $3,190,454.19. This trade represents a 59.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Georgeann Couchara sold 5,174 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $210.42, for a total transaction of $1,088,713.08. Following the completion of the sale, the senior vice president owned 2,625 shares in the company, valued at approximately $552,352.50. This trade represents a 66.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,248 shares of company stock worth $6,609,663 in the last ninety days. 11.20% of the stock is owned by insiders.

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.