Danaher Corporation $DHR Shares Newly Bought by Veracity Capital LLC

Veracity Capital LLC bought a new position in Danaher Corporation (NYSE:DHR) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,710 shares of the conglomerate’s stock, valued at approximately $1,044,000.

Other large investors have also made changes to their positions in the company. Vista Investment Partners LLC purchased a new stake in shares of Danaher during the 3rd quarter valued at about $573,000. New Covenant Trust Company N.A. bought a new stake in Danaher during the third quarter valued at approximately $1,196,000. Quintet Private Bank Europe S.A. increased its holdings in Danaher by 102.7% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,875 shares of the conglomerate’s stock valued at $415,000 after buying an additional 950 shares during the last quarter. Toth Financial Advisory Corp raised its position in Danaher by 21.8% in the third quarter. Toth Financial Advisory Corp now owns 6,631 shares of the conglomerate’s stock worth $1,469,000 after acquiring an additional 1,189 shares during the period. Finally, Whalen Wealth Management Inc. bought a new position in Danaher in the third quarter worth approximately $1,043,000. 79.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHR has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. Stifel Nicolaus lowered their target price on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 price target on shares of Danaher in a report on Wednesday, July 22nd. Royal Bank Of Canada raised their price objective on Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Piper Sandler began coverage on Danaher in a research note on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.23.

Danaher Price Performance

Shares of DHR stock traded down $3.27 on Thursday, reaching $215.22. The company’s stock had a trading volume of 3,143,285 shares, compared to its average volume of 4,452,785. The stock’s fifty day simple moving average is $210.46 and its 200-day simple moving average is $194.25. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $151.29 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Danaher’s revenue was up 5.5% on a year-over-year basis. Analysts forecast that Danaher Corporation will post 8.53 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, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s dividend payout ratio is currently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.