AMG National Trust Bank Grows Stock Position in Danaher Corporation $DHR

AMG National Trust Bank boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 37.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,694 shares of the conglomerate’s stock after purchasing an additional 7,041 shares during the period. AMG National Trust Bank’s holdings in Danaher were worth $4,871,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on DHR. Wall Street Zen downgraded Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Wells Fargo & Company reduced their price objective on Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. DZ Bank initiated coverage on Danaher in a report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 target price for the company. Evercore reiterated an “outperform” rating and issued a $230.00 target price on shares of Danaher in a research report on Monday, July 6th. Finally, The Goldman Sachs Group cut their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

Danaher Stock Performance

Shares of DHR stock opened at $200.45 on Tuesday. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. 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 stock has a market cap of $141.87 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.54 and a beta of 0.79. The business has a 50-day simple moving average of $181.02 and a 200-day simple moving average of $199.06.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the business earned $1.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that Danaher Corporation will post 8.44 EPS for the current year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given 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 yield of 0.8%. Danaher’s dividend payout ratio is currently 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.