Centaurus Financial Inc. Increases Stock Position in Danaher Corporation $DHR

Centaurus Financial Inc. boosted its position in shares of Danaher Corporation (NYSE:DHR) by 13.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,022 shares of the conglomerate’s stock after acquiring an additional 2,928 shares during the period. Centaurus Financial Inc.’s holdings in Danaher were worth $4,961,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHR. First Affirmative Financial Network increased its stake in shares of Danaher by 12.3% in the 3rd quarter. First Affirmative Financial Network now owns 4,669 shares of the conglomerate’s stock valued at $926,000 after purchasing an additional 511 shares in the last quarter. Caerus Investment Advisors LLC purchased a new position in Danaher during the third quarter worth approximately $372,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in Danaher during the third quarter worth approximately $31,728,000. Danske Bank A S acquired a new stake in Danaher in the third quarter valued at approximately $73,698,000. Finally, Integrated Investment Consultants LLC increased its position in shares of Danaher by 9.5% in the third quarter. Integrated Investment Consultants LLC now owns 1,722 shares of the conglomerate’s stock valued at $341,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Stock Up 1.9%

NYSE DHR opened at $195.00 on Wednesday. The business has a fifty day moving average price of $217.08 and a 200 day moving average price of $215.30. 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 cap of $137.89 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.59 and a beta of 0.93. Danaher Corporation has a one year low of $171.00 and a one year high of $242.80.

Danaher (NYSE:DHR) last announced its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.79 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Research analysts anticipate that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 27th. This is a boost from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is presently 25.40%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DHR shares. Robert W. Baird set a $251.00 target price on Danaher in a research note on Thursday, January 29th. KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Jefferies Financial Group upped their price objective on shares of Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $254.00 target price on shares of Danaher in a research report on Wednesday, January 28th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average target price of $253.55.

Insider Transactions at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.20% of the company’s stock.

Danaher Profile

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.