Danaher Corporation $DHR Holdings Boosted by Generation Investment Management LLP

Generation Investment Management LLP boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 34.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,654,666 shares of the conglomerate’s stock after buying an additional 1,689,020 shares during the quarter. Danaher accounts for approximately 8.7% of Generation Investment Management LLP’s portfolio, making the stock its 2nd biggest holding. Generation Investment Management LLP’s holdings in Danaher were worth $1,319,354,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DHR. EverSource Wealth Advisors LLC increased its stake in shares of Danaher by 7.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,252 shares of the conglomerate’s stock worth $843,000 after purchasing an additional 279 shares in the last quarter. O Brien Greene & Co. Inc grew its holdings in Danaher by 2.7% during the third quarter. O Brien Greene & Co. Inc now owns 36,536 shares of the conglomerate’s stock valued at $7,244,000 after purchasing an additional 944 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in Danaher by 41.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,537 shares of the conglomerate’s stock worth $503,000 after buying an additional 745 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Danaher by 4.0% in the third quarter. Clearstead Advisors LLC now owns 93,939 shares of the conglomerate’s stock worth $18,624,000 after buying an additional 3,589 shares during the period. Finally, Catawba River Capital lifted its position in shares of Danaher by 1.4% during the 3rd quarter. Catawba River Capital now owns 40,067 shares of the conglomerate’s stock valued at $7,944,000 after buying an additional 551 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHR has been the subject of several analyst reports. Morgan Stanley began coverage on shares of Danaher in a report on Monday, December 1st. They issued an “overweight” rating and a $270.00 target price for the company. TD Cowen reissued a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $253.86.

Danaher Stock Performance

Shares of NYSE DHR opened at $210.90 on Tuesday. The company has a market cap of $148.97 billion, a P/E ratio of 41.84, a P/E/G ratio of 2.83 and a beta of 0.91. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The firm’s fifty day moving average is $226.49 and its two-hundred day moving average is $216.12.

Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, beating the consensus estimate of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts anticipate that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, December 26th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, December 26th. Danaher’s dividend payout ratio (DPR) is currently 25.40%.

Insider Transactions at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.20% of the stock is currently owned by insiders.

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.