Griffin Asset Management Inc. Purchases 5,012 Shares of Danaher Corporation $DHR

Griffin Asset Management Inc. grew its position in Danaher Corporation (NYSE:DHR) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,705 shares of the conglomerate’s stock after acquiring an additional 5,012 shares during the quarter. Danaher comprises about 1.2% of Griffin Asset Management Inc.’s portfolio, making the stock its 27th largest position. Griffin Asset Management Inc.’s holdings in Danaher were worth $10,941,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DHR. State Street Corp raised its position in Danaher by 1.7% in the 4th quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock worth $6,345,529,000 after purchasing an additional 472,608 shares during the period. Capital International Investors boosted its position in shares of Danaher by 8.9% during the fourth quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock valued at $4,177,386,000 after buying an additional 1,487,768 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Danaher by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,973,240 shares of the conglomerate’s stock worth $3,656,595,000 after buying an additional 1,334,221 shares during the period. Wellington Management Group LLP raised its holdings in shares of Danaher by 11.2% in the fourth quarter. Wellington Management Group LLP now owns 15,076,796 shares of the conglomerate’s stock worth $3,451,380,000 after buying an additional 1,517,904 shares during the period. Finally, Norges Bank bought a new stake in shares of Danaher during the 4th quarter worth approximately $2,177,106,000. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DHR shares. Piper Sandler started coverage on Danaher in a research report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective on the stock. Rothschild & Co Redburn set a $205.00 target price on Danaher in a research report on Friday, April 17th. 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. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $233.52.

Danaher Stock Performance

Shares of NYSE:DHR opened at $195.75 on Friday. The firm has a 50 day moving average of $180.18 and a 200 day moving average of $199.48. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $138.54 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.43 and a beta of 0.79. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the firm earned $1.88 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that Danaher Corporation will post 8.44 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. 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.