Hohimer Wealth Management LLC Invests $2.22 Million in Danaher Corporation $DHR

Hohimer Wealth Management LLC bought a new position in shares of Danaher Corporation (NYSE:DHR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,189 shares of the conglomerate’s stock, valued at approximately $2,218,000.

Several other institutional investors also recently bought and sold shares of the stock. WFA of San Diego LLC purchased a new stake in Danaher in the 2nd quarter worth $26,000. Howard Hughes Medical Institute bought a new stake in shares of Danaher in the second quarter worth about $27,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Danaher in the third quarter worth about $27,000. TruNorth Capital Management LLC bought a new position in Danaher during the third quarter valued at approximately $28,000. Finally, Tripletail Wealth Management LLC bought a new position in Danaher during the third quarter valued at approximately $31,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DHR shares. Argus set a $265.00 price objective on Danaher in a report on Wednesday, January 14th. Robert W. Baird set a $251.00 price target on shares of Danaher in a research report on Thursday, January 29th. Wells Fargo & Company upped their price target on shares of Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. HSBC lifted their price objective on shares of Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, KeyCorp restated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average target price of $253.86.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.10% of the stock is currently owned by insiders.

Danaher Price Performance

DHR stock opened at $209.35 on Friday. The stock has a market cap of $148.04 billion, a PE ratio of 41.54, a P/E/G ratio of 2.83 and a beta of 0.91. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $242.80. The company has a 50-day moving average price of $225.62 and a 200 day moving average price of $216.09. 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 (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $6.79 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a dividend of $0.40 per share. 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%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is 25.40%.

Danaher Company 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.