Waratah Capital Advisors Ltd. Grows Stock Position in Danaher Corporation $DHR

Waratah Capital Advisors Ltd. raised its stake in Danaher Corporation (NYSE:DHR) by 55.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,578 shares of the conglomerate’s stock after acquiring an additional 72,184 shares during the period. Danaher accounts for about 0.7% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 10th biggest holding. Waratah Capital Advisors Ltd.’s holdings in Danaher were worth $39,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DHR. Sivia Capital Partners LLC raised its holdings in shares of Danaher by 6.3% during the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock valued at $397,000 after buying an additional 119 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new position in Danaher during the 2nd quarter valued at about $252,000. Ashton Thomas Private Wealth LLC raised its position in shares of Danaher by 2.7% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 5,274 shares of the conglomerate’s stock worth $1,044,000 after buying an additional 138 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Danaher by 445.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 15,573 shares of the conglomerate’s stock worth $3,076,000 after acquiring an additional 12,717 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Danaher by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 165,676 shares of the conglomerate’s stock valued at $32,728,000 after acquiring an additional 4,450 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Danaher Trading Down 0.8%

Shares of NYSE DHR opened at $209.16 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. Danaher Corporation has a one year low of $171.00 and a one year high of $242.80. The business has a 50-day moving average price of $226.18 and a two-hundred day moving average price of $216.18. The firm has a market capitalization of $147.74 billion, a PE ratio of 41.50, a PEG ratio of 2.85 and a beta of 0.91.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.79 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, analysts predict that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.40 per share. This is an increase from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Danaher’s dividend payout ratio (DPR) is 25.40%.

Insider Activity at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DHR has been the topic of several recent analyst reports. HSBC boosted their target price on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, December 1st. The Goldman Sachs Group lowered their price target on Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Robert W. Baird set a $251.00 price objective on Danaher in a report on Thursday, January 29th. Argus set a $265.00 target price on Danaher in a research note on Wednesday, January 14th. Finally, Morgan Stanley initiated coverage on shares of Danaher in a research report on Monday, December 1st. They issued an “overweight” rating and a $270.00 price target on the stock. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.86.

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.