Midwest Trust Co Acquires 3,460 Shares of Danaher Corporation $DHR

Midwest Trust Co increased its stake in Danaher Corporation (NYSE:DHR) by 2.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 125,465 shares of the conglomerate’s stock after buying an additional 3,460 shares during the period. Midwest Trust Co’s holdings in Danaher were worth $23,788,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in DHR. Elevated Capital Advisors LLC bought a new position in shares of Danaher during the 4th quarter valued at approximately $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Danaher during the 4th quarter worth approximately $27,000. JPL Wealth Management LLC bought a new stake in shares of Danaher in the 3rd quarter worth approximately $25,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 53 shares during the period. Finally, WFA of San Diego LLC purchased a new position in Danaher in the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DHR shares. Royal Bank Of Canada initiated coverage on Danaher in a research report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 target price for the company. DZ Bank started coverage on Danaher in a research report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $245.00 price target on shares of Danaher in a research note on Tuesday, April 21st. Weiss Ratings lowered Danaher from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Finally, Piper Sandler started coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average price target of $231.64.

Danaher Stock Performance

DHR stock traded up $3.13 during midday trading on Friday, reaching $199.11. 3,847,629 shares of the company’s stock traded hands, compared to its average volume of 3,706,558. The firm has a market capitalization of $140.92 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 2.54 and a beta of 0.79. The company has a 50-day moving average price of $180.59 and a two-hundred day moving average price of $199.48. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

Danaher (NYSE:DHR) last posted its quarterly 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. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. As a group, equities analysts anticipate that Danaher Corporation will post 8.44 EPS for the current year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 annualized dividend and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

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.