5,889 Shares of Danaher Corporation $DHR Acquired by PFW Advisors LLC

PFW Advisors LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR) in the third quarter, HoldingsChannel reports. The firm acquired 5,889 shares of the conglomerate’s stock, valued at approximately $1,305,000.

Several other large investors have also recently made changes to their positions in DHR. BlackRock Inc. bought a new position in Danaher during the second quarter valued at approximately $10,492,520,000. State Street Corp increased its stake in Danaher by 1.7% in the 4th quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock worth $6,345,529,000 after acquiring an additional 472,608 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Danaher by 10.4% during the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock worth $3,108,031,000 after acquiring an additional 1,542,310 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of Danaher during the 2nd quarter valued at approximately $1,456,317,000. Finally, Generation Investment Management LLP bought a new position in shares of Danaher during the 2nd quarter valued at approximately $1,287,949,000. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DHR shares. Weiss Ratings raised shares of Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Wells Fargo & Company decreased their target price on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Barclays increased their price target on shares of Danaher from $230.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler initiated coverage on Danaher in a research note on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective on the stock. Finally, The Goldman Sachs Group upped their price objective on Danaher from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $235.23.

Danaher Trading Up 1.4%

NYSE:DHR traded up $2.95 during mid-day trading on Wednesday, hitting $218.56. 1,886,585 shares of the stock traded hands, compared to its average volume of 4,447,598. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The stock has a market capitalization of $153.65 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.75 and a beta of 0.76. The firm’s 50 day moving average is $210.01 and its two-hundred day moving average is $194.05.

Danaher (NYSE:DHR) last announced its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Danaher’s dividend payout ratio (DPR) is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.