Imprint Wealth LLC Makes New $12.72 Million Investment in Danaher Co. (NYSE:DHR)

Imprint Wealth LLC purchased a new position in shares of Danaher Co. (NYSE:DHR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 127,202 shares of the conglomerate’s stock, valued at approximately $12,720,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its position in shares of Danaher by 14.1% during the 2nd quarter. Atria Investments Inc now owns 36,863 shares of the conglomerate’s stock valued at $8,846,000 after acquiring an additional 4,549 shares during the period. Venture Visionary Partners LLC lifted its holdings in shares of Danaher by 0.6% in the second quarter. Venture Visionary Partners LLC now owns 8,022 shares of the conglomerate’s stock valued at $1,925,000 after purchasing an additional 46 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of Danaher during the 2nd quarter worth approximately $39,043,000. Phraction Management LLC raised its position in shares of Danaher by 141.2% during the 2nd quarter. Phraction Management LLC now owns 29,578 shares of the conglomerate’s stock worth $7,099,000 after purchasing an additional 17,315 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in Danaher by 0.7% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,189,703 shares of the conglomerate’s stock valued at $285,529,000 after buying an additional 8,284 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

DHR has been the subject of several analyst reports. Royal Bank of Canada cut their price target on Danaher from $246.00 to $239.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. JPMorgan Chase & Co. reduced their price objective on Danaher from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Raymond James dropped their price objective on shares of Danaher from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Stifel Nicolaus reduced their price objective on Danaher from $250.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, July 26th. Finally, The Goldman Sachs Group lowered their target price on Danaher from $250.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $257.73.

Danaher Price Performance

Shares of DHR traded up $2.58 during mid-day trading on Monday, hitting $210.36. The company’s stock had a trading volume of 954,367 shares, compared to its average volume of 2,932,010. The stock has a market capitalization of $155.44 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.08 and a beta of 0.81. Danaher Co. has a fifty-two week low of $182.09 and a fifty-two week high of $281.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.94. The firm has a 50-day moving average price of $217.93 and a 200 day moving average price of $234.72.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.19. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.60 billion. Danaher had a return on equity of 13.71% and a net margin of 20.01%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 EPS. On average, research analysts predict that Danaher Co. will post 8.36 EPS for the current fiscal year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, October 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.51%. Danaher’s dividend payout ratio is currently 13.62%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.