Eversept Partners LP Increases Stock Holdings in Danaher Corporation $DHR

Eversept Partners LP increased its holdings in shares of Danaher Corporation (NYSE:DHR) by 87.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,262 shares of the conglomerate’s stock after buying an additional 86,989 shares during the quarter. Danaher accounts for about 2.1% of Eversept Partners LP’s portfolio, making the stock its 11th largest position. Eversept Partners LP’s holdings in Danaher were worth $42,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG grew its stake in Danaher by 25.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after purchasing an additional 74,301 shares during the last quarter. Maxi Investments CY Ltd purchased a new stake in Danaher during the 3rd quarter valued at about $3,251,000. Northwestern Mutual Wealth Management Co. grew its stake in Danaher by 303.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock valued at $56,777,000 after purchasing an additional 186,584 shares during the last quarter. Defender Capital LLC. purchased a new stake in Danaher during the 4th quarter valued at about $35,715,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Danaher during the 3rd quarter valued at about $17,480,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Royal Bank Of Canada assumed coverage on Danaher in a research note on Thursday, May 14th. They set an “outperform” rating and a $200.00 price target on the stock. Guggenheim dropped their price target on Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.61.

Danaher Stock Down 1.9%

Shares of DHR opened at $177.85 on Thursday. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $125.88 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.31 and a beta of 0.81. The stock’s 50-day moving average price is $180.26 and its 200-day moving average price is $203.59.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Danaher Corporation will post 8.45 EPS for the current year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Danaher’s dividend payout ratio is presently 30.95%.

About Danaher

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.