Capital International Sarl Has $17.59 Million Holdings in Danaher Corporation $DHR

Capital International Sarl cut its position in Danaher Corporation (NYSE:DHR) by 23.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 88,737 shares of the conglomerate’s stock after selling 26,800 shares during the period. Capital International Sarl’s holdings in Danaher were worth $17,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Danaher in the second quarter valued at approximately $1,979,503,000. Viking Global Investors LP raised its position in shares of Danaher by 543.9% in the second quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock valued at $574,351,000 after purchasing an additional 2,455,994 shares during the period. Generation Investment Management LLP raised its position in shares of Danaher by 56.2% in the second quarter. Generation Investment Management LLP now owns 4,965,646 shares of the conglomerate’s stock valued at $980,914,000 after purchasing an additional 1,787,522 shares during the period. Primecap Management Co. CA lifted its stake in shares of Danaher by 924.2% during the 2nd quarter. Primecap Management Co. CA now owns 1,239,320 shares of the conglomerate’s stock worth $244,815,000 after buying an additional 1,118,318 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Danaher by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock worth $12,004,424,000 after buying an additional 788,499 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the topic of several research analyst reports. Evercore reissued an “outperform” rating and issued a $254.00 price target on shares of Danaher in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Argus set a $265.00 price objective on Danaher in a report on Wednesday, January 14th. KeyCorp reiterated an “overweight” rating on shares of Danaher in a research report on Thursday, January 29th. Finally, Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $253.86.

Insider Buying and Selling at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.20% of the company’s stock.

Danaher Stock Up 1.7%

Shares of NYSE DHR opened at $198.85 on Tuesday. The stock has a market capitalization of $140.62 billion, a P/E ratio of 39.45, a PEG ratio of 2.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80. The stock’s fifty day moving average is $221.89 and its 200 day moving average is $215.95.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 EPS. Sell-side analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s dividend payout ratio (DPR) is currently 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.