Fideuram Intesa Sanpaolo Private Banking S.P.A. Decreases Stock Holdings in Danaher Corporation $DHR

Fideuram Intesa Sanpaolo Private Banking S.P.A. lowered its stake in shares of Danaher Corporation (NYSE:DHR) by 48.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,896 shares of the conglomerate’s stock after selling 19,307 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Danaher were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Danaher in the third quarter worth $25,000. WFA of San Diego LLC acquired a new position in shares of Danaher during the second quarter worth $26,000. Elevated Capital Advisors LLC purchased a new stake in shares of Danaher during the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Danaher during the fourth quarter worth about $27,000. Finally, Clal Insurance Enterprises Holdings Ltd increased 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 acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Price Performance

Shares of DHR opened at $197.85 on Friday. The business’s 50-day moving average is $179.01 and its two-hundred day moving average is $200.54. The company has a market capitalization of $140.03 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.52 and a beta of 0.79. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. 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 (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share. Research analysts predict that Danaher Corporation will post 8.44 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, June 26th. Danaher’s dividend payout ratio is currently 30.95%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Rothschild & Co Redburn set a $205.00 target price on shares of Danaher in a research report on Friday, April 17th. JPMorgan Chase & Co. decreased their price target on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Citigroup started coverage on Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price for the company. Finally, TD Cowen lowered their price target on Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.61.

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.