Woodley Farra Manion Portfolio Management Inc. Boosts Stake in Danaher Corporation $DHR

Woodley Farra Manion Portfolio Management Inc. grew its position in shares of Danaher Corporation (NYSE:DHR) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 256,278 shares of the conglomerate’s stock after acquiring an additional 3,164 shares during the period. Danaher comprises about 2.7% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 16th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Danaher were worth $58,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in shares of Danaher during the 3rd quarter worth approximately $25,000. Elevated Capital Advisors LLC purchased a new position in shares of Danaher during the 4th quarter worth approximately $26,000. WFA of San Diego LLC purchased a new position in shares of Danaher during the 2nd quarter worth approximately $26,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Danaher during the 3rd quarter worth approximately $27,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Danaher during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Stock Performance

Danaher stock opened at $180.65 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $127.86 billion, a P/E ratio of 34.94, a PEG ratio of 2.45 and a beta of 0.81. The stock’s 50 day moving average is $181.15 and its 200 day moving average is $204.96. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Guggenheim reduced their target price on Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. The Goldman Sachs Group cut their price target on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Argus cut their price target on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. DZ Bank started coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price target on the stock. Finally, TD Cowen cut their price target on Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.61.

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.