Arrowpoint Investment Partners Singapore Pte. Ltd. Buys New Holdings in Danaher Corporation $DHR

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Danaher Corporation (NYSE:DHR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,368 shares of the conglomerate’s stock, valued at approximately $1,229,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Westfield Capital Management Co. LP grew its holdings in Danaher by 6,390.8% during the fourth quarter. Westfield Capital Management Co. LP now owns 321,487 shares of the conglomerate’s stock worth $73,595,000 after acquiring an additional 316,534 shares during the period. Vise Technologies Inc. lifted its holdings in Danaher by 23.4% in the fourth quarter. Vise Technologies Inc. now owns 12,033 shares of the conglomerate’s stock valued at $2,755,000 after acquiring an additional 2,282 shares during the period. Daiwa Securities Group Inc. boosted its position in Danaher by 3.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 164,183 shares of the conglomerate’s stock worth $37,585,000 after purchasing an additional 4,714 shares in the last quarter. TD Asset Management Inc boosted its position in Danaher by 3.5% in the 4th quarter. TD Asset Management Inc now owns 572,093 shares of the conglomerate’s stock worth $130,964,000 after purchasing an additional 19,451 shares in the last quarter. Finally, Intellectus Partners LLC grew its stake in shares of Danaher by 10.3% during the 4th quarter. Intellectus Partners LLC now owns 2,675 shares of the conglomerate’s stock worth $613,000 after purchasing an additional 250 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. DZ Bank assumed coverage on shares of Danaher in a report on Wednesday. They issued a “buy” rating and a $210.00 price objective for the company. Barclays decreased their price objective on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group dropped their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average price target of $235.14.

Danaher Price Performance

Danaher stock opened at $186.86 on Friday. The stock has a market capitalization of $132.25 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.38 and a beta of 0.81. The company’s fifty day moving average price is $181.34 and its 200 day moving average price is $206.35. 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 1 year low of $160.93 and a 1 year high of $242.80.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The company had revenue of $5.95 billion during 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, equities research analysts anticipate that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, June 26th. Danaher’s payout ratio is 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.