SG Americas Securities LLC Has $631.57 Million Stock Position in Danaher Corporation $DHR

SG Americas Securities LLC grew its stake in Danaher Corporation (NYSE:DHR) by 55.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,331,048 shares of the conglomerate’s stock after purchasing an additional 1,191,055 shares during the period. Danaher makes up approximately 0.7% of SG Americas Securities LLC’s holdings, making the stock its 18th largest holding. SG Americas Securities LLC owned approximately 0.47% of Danaher worth $631,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevated Capital Advisors LLC acquired a new position in Danaher during the fourth quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Danaher in the 4th quarter valued at $27,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Danaher in the 3rd quarter worth about $25,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Danaher during the 2nd quarter worth about $26,000. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Wells Fargo & Company dropped their price objective on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. DZ Bank began coverage on shares of Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 target price for the company. Barclays reduced their target price on Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Piper Sandler started coverage on Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.61.

Danaher Stock Up 0.3%

Shares of NYSE:DHR opened at $177.74 on Monday. 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 firm has a market cap of $125.80 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.26 and a beta of 0.81. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company’s 50-day moving average price is $179.62 and its two-hundred day moving average price is $202.92.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that Danaher Corporation will post 8.45 EPS for the current fiscal year.

Danaher Announces Dividend

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

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.