Danaher Corporation $DHR Shares Bought by Centaurus Financial Inc.

Centaurus Financial Inc. raised its holdings in Danaher Corporation (NYSE:DHR) by 13.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,022 shares of the conglomerate’s stock after buying an additional 2,928 shares during the quarter. Centaurus Financial Inc.’s holdings in Danaher were worth $4,961,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in shares of Danaher during the third quarter valued at about $25,000. WFA of San Diego LLC acquired a new stake in Danaher in the 2nd quarter worth approximately $26,000. ANTIPODES PARTNERS Ltd purchased a new stake in Danaher during the 3rd quarter worth approximately $27,000. Howard Hughes Medical Institute purchased a new stake in Danaher during the 2nd quarter worth approximately $27,000. Finally, TruNorth Capital Management LLC acquired a new position in Danaher during the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DHR shares. Evercore reiterated an “outperform” rating and set a $254.00 price objective on shares of Danaher in a research note on Wednesday, January 28th. HSBC upped their target price on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Jefferies Financial Group lifted their price target on Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Finally, KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.55.

Insider Buying and Selling

In related news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. This trade represents a 20.56% 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 hyperlink. 11.20% of the stock is currently owned by company insiders.

Danaher Stock Up 1.9%

NYSE:DHR opened at $195.00 on Wednesday. The firm has a market capitalization of $137.89 billion, a P/E ratio of 38.69, a PEG ratio of 2.59 and a beta of 0.93. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $242.80. The company’s fifty day moving average price is $217.08 and its 200-day moving average price is $215.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, beating the consensus estimate of $2.14 by $0.09. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 earnings per share. As a group, equities research analysts anticipate that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 27th. This is a positive change from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Danaher’s dividend payout ratio (DPR) is currently 25.40%.

Danaher Company 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.