David Wealth Management LLC Purchases 147 Shares of Danaher Corporation $DHR

David Wealth Management LLC grew its position in shares of Danaher Corporation (NYSE:DHR) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,340 shares of the conglomerate’s stock after purchasing an additional 147 shares during the quarter. Danaher makes up about 4.5% of David Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. David Wealth Management LLC’s holdings in Danaher were worth $5,993,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DHR. NBC Securities Inc. purchased a new stake in shares of Danaher during the 1st quarter worth about $176,000. Vest Financial LLC increased its stake in shares of Danaher by 73.6% in the 1st quarter. Vest Financial LLC now owns 5,361 shares of the conglomerate’s stock valued at $1,099,000 after purchasing an additional 2,273 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Danaher by 34.0% in the 1st quarter. Sivia Capital Partners LLC now owns 1,890 shares of the conglomerate’s stock worth $387,000 after purchasing an additional 480 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in Danaher by 7.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,067 shares of the conglomerate’s stock worth $219,000 after purchasing an additional 72 shares in the last quarter. Finally, Kennebec Savings Bank grew its holdings in Danaher by 3.8% in the first quarter. Kennebec Savings Bank now owns 3,052 shares of the conglomerate’s stock valued at $626,000 after purchasing an additional 111 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DHR shares. Guggenheim reaffirmed a “buy” rating and set a $250.00 target price on shares of Danaher in a research note on Wednesday, July 23rd. UBS Group reduced their price objective on shares of Danaher from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Wells Fargo & Company reduced their price target on shares of Danaher from $210.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 23rd. Finally, Scotiabank upgraded Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 price objective on the stock in a report on Friday, July 11th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.91.

Danaher Stock Up 2.2%

NYSE DHR opened at $215.05 on Monday. The business’s fifty day simple moving average is $200.19 and its 200-day simple moving average is $197.24. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $279.41. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The firm has a market cap of $153.98 billion, a PE ratio of 45.75, a P/E/G ratio of 3.06 and a beta of 0.77.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 EPS for the quarter, beating the consensus estimate of $1.64 by $0.16. Danaher had a net margin of 14.21% and a return on equity of 10.70%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the previous year, the company earned $1.72 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. As a group, equities analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, September 26th will be paid a $0.32 dividend. The ex-dividend date is Friday, September 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Danaher’s payout ratio is currently 27.23%.

Insider Buying and Selling

In other Danaher news, Director Teri List sold 2,778 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the sale, the director directly owned 20,751 shares of the company’s stock, valued at approximately $4,379,706.06. This represents a 11.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.20% of the stock is owned by company insiders.

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.