Cercano Management LLC Makes New Investment in Danaher Corporation $DHR

Cercano Management LLC purchased a new position in Danaher Corporation (NYSE:DHR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 56,232 shares of the conglomerate’s stock, valued at approximately $12,873,000.

Several other large investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG lifted its stake in shares of Danaher by 25.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after buying an additional 74,301 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after buying an additional 18,744 shares in the last quarter. Guinness Asset Management LTD raised its holdings in Danaher by 13.7% during the third quarter. Guinness Asset Management LTD now owns 223,570 shares of the conglomerate’s stock valued at $41,597,000 after acquiring an additional 26,896 shares during the period. Maxi Investments CY Ltd bought a new stake in Danaher during the third quarter valued at about $3,251,000. Finally, AlphaQuest LLC lifted its position in shares of Danaher by 896.1% in the third quarter. AlphaQuest LLC now owns 5,598 shares of the conglomerate’s stock valued at $1,110,000 after acquiring an additional 5,036 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DHR shares. Robert W. Baird lowered their price target on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday. Royal Bank Of Canada began coverage on shares of Danaher in a report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. Finally, Evercore raised their target price on shares of Danaher from $225.00 to $232.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.24.

Danaher Price Performance

NYSE DHR opened at $180.07 on Tuesday. The company has a market cap of $127.45 billion, a PE ratio of 34.83, a P/E/G ratio of 2.44 and a beta of 0.81. The firm’s 50 day moving average price is $181.91 and its 200-day moving average price is $207.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80.

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

Danaher Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be paid 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 payout ratio is presently 30.95%.

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.