10,020,770 Shares in Danaher Corporation $DHR Acquired by Norges Bank

Norges Bank acquired a new position in Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,020,770 shares of the conglomerate’s stock, valued at approximately $1,979,503,000. Norges Bank owned 1.40% of Danaher at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Red Tortoise LLC raised its stake in shares of Danaher by 175.0% in the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 98 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in Danaher in the 2nd quarter valued at approximately $40,000. Costello Asset Management INC bought a new position in shares of Danaher in the first quarter worth $41,000. Strengthening Families & Communities LLC increased its holdings in shares of Danaher by 81.4% during the first quarter. Strengthening Families & Communities LLC now owns 254 shares of the conglomerate’s stock valued at $52,000 after purchasing an additional 114 shares during the period. Finally, Saudi Central Bank bought a new stake in shares of Danaher during the first quarter valued at about $52,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHR has been the topic of a number of recent analyst reports. Redburn Partners set a $220.00 price target on shares of Danaher in a research report on Wednesday, October 8th. TD Cowen raised their price objective on shares of Danaher from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Evercore ISI lifted their price target on Danaher from $226.00 to $245.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Wells Fargo & Company restated a “positive” rating on shares of Danaher in a report on Thursday, October 23rd. Finally, Robert W. Baird set a $247.00 target price on Danaher in a report on Wednesday, October 22nd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.39.

Insider Transactions at Danaher

In other news, SVP Brian W. Ellis sold 21,776 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $219.23, for a total value of $4,773,952.48. Following the transaction, the senior vice president owned 14,553 shares in the company, valued at $3,190,454.19. This represents a 59.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Georgeann Couchara sold 5,174 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $210.42, for a total transaction of $1,088,713.08. Following the transaction, the senior vice president directly owned 2,625 shares in the company, valued at $552,352.50. The trade was a 66.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,248 shares of company stock valued at $6,609,663 over the last quarter. Company insiders own 11.10% of the company’s stock.

Danaher Price Performance

NYSE DHR opened at $228.41 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $258.23. The company has a market cap of $161.33 billion, a PE ratio of 47.09, a PEG ratio of 3.28 and a beta of 0.81. The stock’s 50-day moving average price is $211.54 and its two-hundred day moving average price is $202.99.

Danaher (NYSE:DHR) last announced its earnings results on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the company posted $1.71 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, September 26th were issued a $0.32 dividend. The ex-dividend date was Friday, September 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. Danaher’s dividend payout ratio is presently 26.39%.

Danaher Profile

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.