Danaher Corporation $DHR Shares Acquired by Whittier Trust Co.

Whittier Trust Co. increased its stake in shares of Danaher Corporation (NYSE:DHR) by 7.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 314,938 shares of the conglomerate’s stock after acquiring an additional 22,044 shares during the period. Whittier Trust Co.’s holdings in Danaher were worth $60,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank Pictet & Cie Europe AG grew its holdings in shares of Danaher by 25.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after purchasing an additional 74,301 shares during the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Danaher in the 3rd quarter worth approximately $3,251,000. Defender Capital LLC. acquired a new position in Danaher during the 4th quarter valued at approximately $35,715,000. Northwestern Mutual Wealth Management Co. grew its stake in Danaher by 303.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock worth $56,777,000 after buying an additional 186,584 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Danaher during the 3rd quarter worth $17,480,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DHR shares. DZ Bank initiated coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 target price on the stock. Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Weiss Ratings cut shares of Danaher from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. HSBC cut their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, Morgan Stanley decreased their target price on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.61.

Danaher Trading Down 0.0%

Shares of Danaher stock opened at $197.85 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The firm has a market cap of $140.03 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. The business has a fifty day simple moving average of $179.01 and a 200-day simple moving average of $200.34. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80.

Danaher (NYSE:DHR) last released its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the company earned $1.88 earnings per share. Danaher’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Danaher Corporation will post 8.44 EPS for the current fiscal year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 dividend yield of 0.8%. Danaher’s payout ratio is currently 30.95%.

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.