Watershed Asset Management L.L.C. Takes $1.78 Million Position in Danaher Corporation $DHR

Watershed Asset Management L.L.C. bought a new stake in shares of Danaher Corporation (NYSE:DHR) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,400 shares of the conglomerate’s stock, valued at approximately $1,782,000. Danaher makes up 1.8% of Watershed Asset Management L.L.C.’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Heartland Bank & Trust Co boosted its position in shares of Danaher by 62.5% in the first quarter. Heartland Bank & Trust Co now owns 3,209 shares of the conglomerate’s stock worth $608,000 after buying an additional 1,234 shares during the period. Kera Capital Partners Inc. raised its holdings in shares of Danaher by 42.7% during the 1st quarter. Kera Capital Partners Inc. now owns 2,070 shares of the conglomerate’s stock valued at $392,000 after buying an additional 619 shares during the period. Gryphon Financial Partners LLC raised its holdings in shares of Danaher by 7.8% during the 1st quarter. Gryphon Financial Partners LLC now owns 4,927 shares of the conglomerate’s stock valued at $934,000 after buying an additional 357 shares during the period. Townsend Asset Management Corp NC ADV lifted its position in Danaher by 2.4% during the 1st quarter. Townsend Asset Management Corp NC ADV now owns 32,318 shares of the conglomerate’s stock worth $6,128,000 after acquiring an additional 750 shares in the last quarter. Finally, Juno Financial Group LLC lifted its position in Danaher by 11.0% during the 1st quarter. Juno Financial Group LLC now owns 10,800 shares of the conglomerate’s stock worth $2,048,000 after acquiring an additional 1,073 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DHR. Wolfe Research cut Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. TD Cowen reduced their target price on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Argus decreased their target price on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Weiss Ratings raised shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Barclays dropped their price target on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.64.

Danaher Price Performance

Shares of NYSE DHR opened at $203.65 on Friday. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The business has a 50 day moving average price of $183.27 and a two-hundred day moving average price of $198.47. 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 $144.14 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.53 and a beta of 0.79.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the business earned $1.88 EPS. Danaher’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that Danaher Corporation will post 8.45 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, June 26th. Danaher’s payout ratio is 30.95%.

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.