Danaher Corporation $DHR Holdings Raised by Thematics Asset Management

Thematics Asset Management lifted its stake in Danaher Corporation (NYSE:DHR) by 8.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,702 shares of the conglomerate’s stock after purchasing an additional 7,000 shares during the quarter. Thematics Asset Management’s holdings in Danaher were worth $18,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DHR. Vanguard Group Inc. lifted its stake in Danaher by 1.3% during the second quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock valued at $12,004,424,000 after buying an additional 788,499 shares in the last quarter. Capital International Investors lifted its position in shares of Danaher by 1.9% in the 3rd quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock valued at $3,318,926,000 after acquiring an additional 312,951 shares in the last quarter. Norges Bank acquired a new position in Danaher in the 2nd quarter worth approximately $1,979,503,000. Generation Investment Management LLP grew its position in Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock worth $1,319,354,000 after purchasing an additional 1,689,020 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Danaher by 4.0% during the 2nd quarter. Franklin Resources Inc. now owns 4,822,442 shares of the conglomerate’s stock worth $952,625,000 after purchasing an additional 186,357 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Morgan Stanley began coverage on Danaher in a report on Monday, December 1st. They set an “overweight” rating and a $270.00 price target on the stock. Wells Fargo & Company increased their price objective on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. The Goldman Sachs Group decreased their price objective on Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, HSBC lifted their target price on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average price target of $253.55.

Danaher Price Performance

Shares of NYSE:DHR opened at $187.34 on Friday. The firm has a market cap of $132.47 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 2.52 and a beta of 0.93. Danaher Corporation has a 1 year low of $171.00 and a 1 year 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. The business has a fifty day simple moving average of $218.79 and a 200 day simple moving average of $215.34.

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

Danaher Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be issued a $0.40 dividend. This is an increase from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is currently 25.40%.

Insiders Place Their Bets

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.10% of the company’s stock.

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.