BNP Paribas Grows Position in Danaher Corporation $DHR

BNP Paribas raised its position in shares of Danaher Corporation (NYSE:DHR) by 1,828.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,115 shares of the conglomerate’s stock after buying an additional 13,383 shares during the quarter. BNP Paribas’ holdings in Danaher were worth $3,234,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Cercano Management LLC purchased a new stake in shares of Danaher during the fourth quarter valued at about $12,873,000. New Mexico Educational Retirement Board lifted its position in Danaher by 4.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 29,935 shares of the conglomerate’s stock valued at $6,853,000 after acquiring an additional 1,200 shares during the last quarter. Ellevest Inc. boosted its stake in Danaher by 12.4% in the fourth quarter. Ellevest Inc. now owns 3,035 shares of the conglomerate’s stock valued at $695,000 after acquiring an additional 335 shares in the last quarter. Rothschild Wealth LLC boosted its stake in Danaher by 115.1% in the fourth quarter. Rothschild Wealth LLC now owns 2,192 shares of the conglomerate’s stock valued at $502,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in Danaher by 8.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 65,123 shares of the conglomerate’s stock valued at $14,908,000 after acquiring an additional 5,200 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DHR shares. Barclays lowered their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group lowered their target price on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Jefferies Financial Group restated a “buy” rating and issued a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. Rothschild & Co Redburn set a $205.00 target price on shares of Danaher in a research note on Friday, April 17th. Finally, Morgan Stanley lowered their target price on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.24.

Danaher Price Performance

Shares of NYSE DHR opened at $180.07 on Tuesday. The stock has a market capitalization of $127.45 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.44 and a beta of 0.81. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The firm’s 50 day simple moving average is $181.91 and its 200-day simple moving average is $207.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. Analysts expect that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Danaher’s dividend payout ratio (DPR) is 30.95%.

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.