Wealth Alliance LLC Purchases Shares of 3,346 Danaher Corporation $DHR

Wealth Alliance LLC acquired a new position in Danaher Corporation (NYSE:DHR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,346 shares of the conglomerate’s stock, valued at approximately $663,000.

A number of other hedge funds also recently made changes to their positions in DHR. White Pine Capital LLC raised its stake in Danaher by 1.4% during the 2nd quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock worth $690,000 after acquiring an additional 49 shares during the period. SOL Capital Management CO increased its stake in shares of Danaher by 2.8% in the third quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock worth $363,000 after purchasing an additional 50 shares in the last quarter. Purkiss Capital Advisors LLC raised its position in shares of Danaher by 3.9% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock valued at $263,000 after purchasing an additional 50 shares during the period. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Danaher by 2.1% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 2,524 shares of the conglomerate’s stock valued at $499,000 after buying an additional 51 shares in the last quarter. Finally, TCTC Holdings LLC boosted its holdings in Danaher by 0.7% in the 3rd quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock worth $1,475,000 after buying an additional 51 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHR has been the topic of a number of recent analyst reports. Robert W. Baird set a $251.00 price target on Danaher in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danaher in a report on Thursday, January 29th. HSBC increased their price objective on shares of Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a report on Monday, December 1st. TD Cowen reissued a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. Finally, Guggenheim raised their target price on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. Twenty analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.86.

Danaher Stock Down 0.8%

NYSE DHR opened at $209.56 on Friday. The stock has a 50 day moving average price of $226.85 and a 200-day moving average price of $215.77. Danaher Corporation has a one year low of $171.00 and a one year high of $242.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The company has a market capitalization of $148.02 billion, a P/E ratio of 41.58, a P/E/G ratio of 2.85 and a beta of 0.91.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. Danaher’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, December 26th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 26th. Danaher’s dividend payout ratio is currently 25.40%.

Insider Activity at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

About Danaher

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.