Danaher Corporation $DHR Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in Danaher Corporation (NYSE:DHR) by 25.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,858,071 shares of the conglomerate’s stock after buying an additional 374,965 shares during the quarter. California Public Employees Retirement System’s holdings in Danaher were worth $352,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of Danaher during the 1st quarter worth $25,000. JPL Wealth Management LLC purchased a new position in shares of Danaher in the 3rd quarter valued at about $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of Danaher in the fourth quarter valued at about $26,000. WFA of San Diego LLC purchased a new stake in Danaher during the second quarter worth about $26,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Danaher during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Down 0.7%

DHR stock opened at $203.65 on Friday. The company’s 50 day simple moving average is $183.27 and its 200-day simple moving average is $198.47. The firm has a market capitalization of $144.14 billion, a PE ratio of 39.39, a P/E/G ratio of 2.53 and a beta of 0.79. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the company posted $1.88 EPS. The company’s revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Danaher Corporation will post 8.45 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is presently 30.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DHR. Guggenheim dropped their target price on shares of Danaher from $275.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Robert W. Baird decreased their price target on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Argus lowered their price target on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 24th. The Goldman Sachs Group dropped their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, UBS Group reduced their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

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.