RWA Wealth Partners LLC Has $18.30 Million Position in Danaher Corporation $DHR

RWA Wealth Partners LLC raised its stake in shares of Danaher Corporation (NYSE:DHR) by 14.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,301 shares of the conglomerate’s stock after buying an additional 11,410 shares during the period. RWA Wealth Partners LLC’s holdings in Danaher were worth $18,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DHR. White Pine Capital LLC raised its holdings in Danaher by 1.4% during the second quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock valued at $690,000 after buying an additional 49 shares in the last quarter. SOL Capital Management CO grew its position in Danaher by 2.8% in the 3rd quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock worth $363,000 after purchasing an additional 50 shares during the last quarter. Purkiss Capital Advisors LLC grew its position in Danaher by 3.9% during the third quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock worth $263,000 after buying an additional 50 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings 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 worth $499,000 after purchasing an additional 51 shares in the last quarter. Finally, TCTC Holdings LLC increased its position in shares of Danaher by 0.7% during the third quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock valued at $1,475,000 after purchasing an additional 51 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.20% of the stock is owned by corporate insiders.

Danaher Trading Down 0.8%

Shares of NYSE DHR opened at $209.16 on Wednesday. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $242.80. The firm has a market capitalization of $147.74 billion, a P/E ratio of 41.50, a P/E/G ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. The company’s 50 day simple moving average is $226.18 and its 200 day simple moving average is $216.18.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter last year, the business earned $2.14 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is currently 25.40%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DHR. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. JPMorgan Chase & Co. upped their target price on shares of Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. KeyCorp restated an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. HSBC upped their price objective on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Wells Fargo & Company upped their price target on Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a research report on Monday, December 15th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.86.

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.