Swiss Life Asset Management Ltd Has $20.41 Million Stake in Danaher Corporation $DHR

Swiss Life Asset Management Ltd raised its stake in Danaher Corporation (NYSE:DHR) by 12.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,919 shares of the conglomerate’s stock after acquiring an additional 11,129 shares during the period. Swiss Life Asset Management Ltd’s holdings in Danaher were worth $20,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Danaher in the 2nd quarter worth about $1,979,503,000. Viking Global Investors LP lifted its holdings in Danaher by 543.9% during the 2nd 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 last quarter. Generation Investment Management LLP boosted its position in Danaher by 34.0% in the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after buying an additional 1,689,020 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Danaher by 211.7% during the third quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock worth $414,038,000 after buying an additional 1,418,243 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Danaher by 33.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock worth $697,680,000 after buying an additional 891,210 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

Danaher Stock Down 0.6%

Shares of NYSE DHR opened at $190.42 on Friday. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $242.80. The firm’s 50-day moving average is $215.31 and its 200-day moving average is $214.96. 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 firm has a market capitalization of $134.66 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.60 and a beta of 0.93.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share 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 for the quarter, compared to analyst estimates of $6.79 billion. During the same period in the prior year, the business posted $2.14 earnings per share. Danaher’s revenue was up 4.6% compared to the same quarter last year. Equities analysts expect that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The business 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 a boost from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is currently 25.40%.

Analysts Set New Price Targets

DHR has been the topic of a number of research analyst reports. KeyCorp restated an “overweight” rating on shares of Danaher in a research report on Thursday, January 29th. Leerink Partners increased their target price on Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Argus set a $265.00 price objective on shares of Danaher in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Danaher Company 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.