Sterling Investment Management LLC Acquires 15,349 Shares of Danaher Corporation $DHR

Sterling Investment Management LLC boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 379.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,398 shares of the conglomerate’s stock after acquiring an additional 15,349 shares during the period. Danaher accounts for approximately 2.0% of Sterling Investment Management LLC’s investment portfolio, making the stock its 16th biggest position. Sterling Investment Management LLC’s holdings in Danaher were worth $4,298,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Marquette Asset Management LLC lifted its stake in Danaher by 192.1% in the 3rd quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Danaher in the second quarter valued at approximately $25,000. Main Street Group LTD purchased a new stake in shares of Danaher in the first quarter valued at approximately $25,000. Field & Main Bank purchased a new stake in shares of Danaher in the second quarter valued at approximately $29,000. Finally, Evolution Wealth Management Inc. increased its holdings in shares of Danaher by 208.0% in the first quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DHR shares. UBS Group initiated coverage on Danaher in a research report on Wednesday, September 9th. They set a “buy” rating and a $250.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. TD Cowen upped their target price on Danaher from $236.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings raised Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, Morgan Stanley raised their target price on Danaher from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. 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 company. According to data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.41.

Danaher Stock Down 1.1%

Shares of NYSE DHR opened at $228.87 on Friday. The company has a market capitalization of $160.89 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.88 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The company has a 50 day simple moving average of $214.04 and a 200-day simple moving average of $195.97. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.

Danaher (NYSE:DHR) last released its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.04% and a net margin of 15.95%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, equities research analysts predict that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Announces Dividend

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

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.