9,123 Shares in Danaher Corporation $DHR Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of Danaher Corporation (NYSE:DHR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,123 shares of the conglomerate’s stock, valued at approximately $2,088,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHR. Sivia Capital Partners LLC lifted its holdings in shares of Danaher by 6.3% during the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after purchasing an additional 119 shares during the period. First Trust Advisors LP lifted its holdings in shares of Danaher by 34.5% during the second quarter. First Trust Advisors LP now owns 55,418 shares of the conglomerate’s stock worth $10,947,000 after purchasing an additional 14,217 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Danaher by 3.9% during the second quarter. Gabelli Funds LLC now owns 18,931 shares of the conglomerate’s stock worth $3,740,000 after purchasing an additional 706 shares during the period. Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of Danaher during the second quarter worth about $239,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Danaher by 8.1% during the second quarter. Daiwa Securities Group Inc. now owns 134,629 shares of the conglomerate’s stock worth $26,595,000 after purchasing an additional 10,126 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DHR shares. TD Cowen reaffirmed a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. Guggenheim boosted their price target on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. JPMorgan Chase & Co. boosted their price target on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Wells Fargo & Company boosted their price target on Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $253.79.

Insider Activity at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.20% of the stock is owned by company insiders.

Danaher Trading Down 0.6%

Shares of NYSE:DHR opened at $191.03 on Wednesday. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $242.80. The company has a market capitalization of $135.19 billion, a PE ratio of 37.90, a PEG ratio of 2.59 and a beta of 0.95. The business has a 50 day moving average of $202.70 and a two-hundred day moving average of $214.59. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same period in the previous year, the company posted $2.14 earnings per share. Danaher’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts forecast that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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 (DPR) is presently 31.75%.

Danaher Company 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.