Ontario Teachers Pension Plan Board Takes Position in Danaher Corporation $DHR

Ontario Teachers Pension Plan Board bought a new stake in shares of Danaher Corporation (NYSE:DHR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 23,894 shares of the conglomerate’s stock, valued at approximately $4,737,000.

A number of other large investors have also bought and sold shares of the stock. Tyche Wealth Partners LLC bought a new stake in Danaher during the third quarter worth $462,000. Ceredex Value Advisors LLC increased its position in shares of Danaher by 1.6% during the 2nd quarter. Ceredex Value Advisors LLC now owns 249,377 shares of the conglomerate’s stock valued at $49,262,000 after purchasing an additional 3,862 shares during the last quarter. Weitz Investment Management Inc. raised its stake in shares of Danaher by 6.1% during the 2nd quarter. Weitz Investment Management Inc. now owns 526,950 shares of the conglomerate’s stock worth $104,094,000 after purchasing an additional 30,300 shares during the period. Lockheed Martin Investment Management Co. boosted its holdings in shares of Danaher by 49.4% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 25,340 shares of the conglomerate’s stock worth $5,024,000 after buying an additional 8,380 shares during the last quarter. Finally, Nvwm LLC boosted its holdings in shares of Danaher by 20.4% in the 2nd quarter. Nvwm LLC now owns 7,093 shares of the conglomerate’s stock worth $1,401,000 after buying an additional 1,204 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on DHR. KeyCorp restated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. The Goldman Sachs Group decreased their price target on shares of Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Barclays lifted their price target on shares of Danaher from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Guggenheim raised their target price on Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average price target of $253.86.

Danaher Stock Performance

Shares of DHR stock opened at $208.51 on Thursday. The firm’s 50 day moving average is $227.62 and its 200 day moving average is $215.72. The stock has a market capitalization of $147.28 billion, a P/E ratio of 41.37, a PEG ratio of 2.79 and a beta of 0.91. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 EPS. On average, sell-side analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, December 26th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Danaher’s dividend payout ratio is 25.40%.

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.