Farther Finance Advisors LLC Grows Stake in Danaher Corporation $DHR

Farther Finance Advisors LLC boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 760.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 160,263 shares of the conglomerate’s stock after purchasing an additional 141,640 shares during the period. Farther Finance Advisors LLC’s holdings in Danaher were worth $35,506,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in Danaher by 1,807.3% in the third quarter. CoreCap Advisors LLC now owns 13,790 shares of the conglomerate’s stock valued at $3,055,000 after acquiring an additional 13,067 shares during the last quarter. Dickmeyer Boyce Financial Management Inc. acquired a new position in shares of Danaher during the 3rd quarter worth about $1,700,000. YHB Investment Advisors Inc. increased its stake in shares of Danaher by 1.1% during the 3rd quarter. YHB Investment Advisors Inc. now owns 92,497 shares of the conglomerate’s stock worth $20,023,000 after purchasing an additional 993 shares during the last quarter. Titleist Asset Management LLC bought a new stake in shares of Danaher in the 3rd quarter valued at about $1,028,000. Finally, Apella Capital LLC lifted its stake in Danaher by 1,095.6% in the 3rd quarter. Apella Capital LLC now owns 34,816 shares of the conglomerate’s stock valued at $7,713,000 after purchasing an additional 31,904 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the subject of a number of research analyst reports. Barclays lifted their price target on Danaher from $230.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus dropped their price objective on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Piper Sandler initiated coverage on Danaher in a research report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective for the company. Evercore reiterated an “outperform” rating and set a $230.00 target price on shares of Danaher in a research note on Monday, July 6th. Finally, TD Cowen decreased their target price on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.23.

Danaher Stock Performance

Shares of DHR stock traded down $1.16 during midday trading on Thursday, hitting $217.33. 5,292,542 shares of the company were exchanged, compared to its average volume of 4,464,317. The firm has a market capitalization of $152.78 billion, a P/E ratio of 38.60, a PEG ratio of 2.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The firm’s 50 day moving average price is $210.46 and its two-hundred day moving average price is $194.25. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.09. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. As a group, equities research analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Danaher’s dividend payout ratio is presently 28.42%.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.