Raiffeisen Bank International AG Buys Shares of 155,956 Danaher Co. (NYSE:DHR)

Raiffeisen Bank International AG purchased a new stake in shares of Danaher Co. (NYSE:DHR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 155,956 shares of the conglomerate’s stock, valued at approximately $35,815,000.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Danaher in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new stake in Danaher in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new stake in Danaher during the 4th quarter worth approximately $31,000. Strategic Financial Concepts LLC purchased a new position in Danaher during the fourth quarter valued at approximately $31,000. Finally, Pineridge Advisors LLC boosted its position in shares of Danaher by 63.3% in the fourth quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 57 shares during the period. Institutional investors own 79.05% of the company’s stock.

Insider Transactions at Danaher

In other Danaher news, EVP Christopher Paul Riley sold 15,805 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $198.00, for a total transaction of $3,129,390.00. Following the transaction, the executive vice president now directly owns 15,179 shares of the company’s stock, valued at $3,005,442. This trade represents a 51.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Steven M. Rales sold 1,250,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $196.74, for a total transaction of $245,925,000.00. Following the transaction, the chairman now owns 3,105,808 shares of the company’s stock, valued at approximately $611,036,665.92. This trade represents a 28.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of Danaher in a research note on Wednesday, April 23rd. Guggenheim reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Danaher in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on Danaher from $280.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group dropped their price target on Danaher from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Finally, Citigroup restated a “buy” rating on shares of Danaher in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.40.

Danaher Price Performance

Shares of NYSE:DHR opened at $188.32 on Thursday. Danaher Co. has a twelve month low of $171.00 and a twelve month high of $281.70. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The company has a market cap of $134.77 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The company’s 50 day moving average is $197.35 and its 200 day moving average is $218.33.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.26. Danaher had a return on equity of 10.82% and a net margin of 16.33%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.58 billion. On average, sell-side analysts forecast that Danaher Co. will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.68%. Danaher’s dividend payout ratio is presently 24.85%.

About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.