Elefante Mark B Increases Stock Position in Danaher Corporation $DHR

Elefante Mark B raised its position in Danaher Corporation (NYSE:DHR) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,530 shares of the conglomerate’s stock after acquiring an additional 2,418 shares during the quarter. Danaher makes up 2.7% of Elefante Mark B’s investment portfolio, making the stock its 16th largest position. Elefante Mark B’s holdings in Danaher were worth $4,269,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sivia Capital Partners LLC raised its holdings in shares of Danaher by 6.3% during the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock valued at $397,000 after acquiring an additional 119 shares in the last quarter. Stephens Inc. AR increased its position in Danaher by 1.3% during the 2nd quarter. Stephens Inc. AR now owns 11,349 shares of the conglomerate’s stock valued at $2,242,000 after purchasing an additional 144 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in Danaher by 22.5% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 2,931 shares of the conglomerate’s stock worth $579,000 after purchasing an additional 538 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Danaher by 20.7% in the 2nd quarter. D.A. Davidson & CO. now owns 16,780 shares of the conglomerate’s stock worth $3,315,000 after purchasing an additional 2,873 shares during the period. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of Danaher by 56.1% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 18,595 shares of the conglomerate’s stock valued at $3,673,000 after purchasing an additional 6,681 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. HSBC raised their price objective on shares of Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Robert W. Baird set a $251.00 price target on Danaher in a research report on Thursday, January 29th. Wells Fargo & Company upped their price target on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. boosted their target price on shares of Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.86.

Danaher Trading Up 1.2%

NYSE DHR opened at $211.00 on Friday. 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 stock’s fifty day moving average price is $227.19 and its 200-day moving average price is $215.69. The stock has a market cap of $149.04 billion, a P/E ratio of 41.87, a P/E/G ratio of 2.82 and a beta of 0.91.

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

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, December 26th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s dividend payout ratio (DPR) is 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.