Eurizon Capital SGR S.p.A. Buys Shares of 334,438 Danaher Corporation $DHR

Eurizon Capital SGR S.p.A. bought a new stake in Danaher Corporation (NYSE:DHR) during the fourth quarter, Holdings Channel.com reports. The fund bought 334,438 shares of the conglomerate’s stock, valued at approximately $76,582,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHR. JPL Wealth Management LLC acquired a new stake in Danaher in the 3rd quarter valued at approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in Danaher in the 4th quarter valued at approximately $26,000. WFA of San Diego LLC acquired a new stake in Danaher in the 2nd quarter valued at approximately $26,000. ANTIPODES PARTNERS Ltd acquired a new stake in Danaher in the 3rd quarter valued at approximately $27,000. Finally, Financial Life Planners acquired a new stake in Danaher in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Price Performance

Shares of NYSE:DHR opened at $182.73 on Friday. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The firm has a market capitalization of $129.33 billion, a PE ratio of 35.34, a PEG ratio of 2.41 and a beta of 0.81. The business’s 50 day moving average is $182.11 and its 200-day moving average is $207.48. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.Danaher’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 EPS. Sell-side analysts predict that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen lowered Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Jefferies Financial Group reissued a “buy” rating and set a $245.00 price objective on shares of Danaher in a report on Tuesday, April 21st. Barclays decreased their price objective on Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Finally, Morgan Stanley decreased their price objective on Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Twenty equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average price target of $238.24.

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.