PFG Advisors Purchases 3,266 Shares of Danaher Corporation $DHR

PFG Advisors grew its position in shares of Danaher Corporation (NYSE:DHR) by 9.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 38,754 shares of the conglomerate’s stock after purchasing an additional 3,266 shares during the period. PFG Advisors’ holdings in Danaher were worth $7,683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tyche Wealth Partners LLC purchased a new position in shares of Danaher in the third quarter worth $462,000. Ceredex Value Advisors LLC lifted its holdings in shares of Danaher by 1.6% during the second quarter. Ceredex Value Advisors LLC now owns 249,377 shares of the conglomerate’s stock valued at $49,262,000 after purchasing an additional 3,862 shares in the last quarter. Weitz Investment Management Inc. boosted its position in shares of Danaher by 6.1% during the second quarter. Weitz Investment Management Inc. now owns 526,950 shares of the conglomerate’s stock valued at $104,094,000 after buying an additional 30,300 shares during the last quarter. Lockheed Martin Investment Management Co. increased its holdings in Danaher by 49.4% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 25,340 shares of the conglomerate’s stock worth $5,024,000 after buying an additional 8,380 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after buying an additional 18,744 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Danaher Trading Down 3.2%

Danaher stock opened at $195.60 on Monday. The business has a 50-day simple moving average of $222.53 and a two-hundred day simple moving average of $215.99. The company has a market cap of $138.32 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.64 and a beta of 0.93. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.09. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 EPS. Analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Danaher from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. HSBC lifted their price target 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. The Goldman Sachs Group decreased their price objective on shares of Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Guggenheim raised their target price on shares of Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.86.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.20% of the company’s stock.

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.