Diamant Asset Management Inc. Purchases 457,273 Shares of Danaher Corporation $DHR

Diamant Asset Management Inc. increased its position in Danaher Corporation (NYSE:DHR) by 18,239.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 459,780 shares of the conglomerate’s stock after purchasing an additional 457,273 shares during the quarter. Diamant Asset Management Inc. owned approximately 0.06% of Danaher worth $87,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DHR. Elevated Capital Advisors LLC bought a new stake in Danaher during the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC bought a new position in shares of Danaher during the fourth quarter valued at approximately $27,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Danaher by 71.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Danaher in the 3rd quarter worth approximately $25,000. Finally, WFA of San Diego LLC bought a new stake in shares of Danaher in the 2nd quarter worth approximately $26,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DHR. The Goldman Sachs Group reduced their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 13th. UBS Group dropped their target price on Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Piper Sandler assumed coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 target price on the stock. Argus lowered their price target on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Evercore upped their price target on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.61.

Danaher Stock Up 1.3%

Shares of DHR stock opened at $195.67 on Friday. The company’s fifty day moving average price is $178.81 and its 200-day moving average price is $201.69. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The company has a market capitalization of $138.49 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.50 and a beta of 0.81. 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 posted its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company posted $1.88 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that Danaher Corporation will post 8.44 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is presently 30.95%.

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.