Sard Wealth Management Group LLC Purchases New Position in Danaher Corporation $DHR

Sard Wealth Management Group LLC purchased a new position in Danaher Corporation (NYSE:DHR) in the 3rd quarter, Holdings Channel reports. The firm purchased 8,534 shares of the conglomerate’s stock, valued at approximately $1,891,000. Danaher accounts for about 0.8% of Sard Wealth Management Group LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in Danaher by 120.8% in the third quarter. TD Waterhouse Canada Inc. now owns 136,920 shares of the conglomerate’s stock valued at $30,335,000 after acquiring an additional 74,905 shares during the period. WealthBridge Capital Management LLC bought a new stake in shares of Danaher during the 3rd quarter valued at about $1,061,000. Peddock Capital Advisors LLC grew its stake in shares of Danaher by 2.4% during the 3rd quarter. Peddock Capital Advisors LLC now owns 6,282 shares of the conglomerate’s stock valued at $1,392,000 after purchasing an additional 145 shares during the period. ARS Wealth Advisors Group LLC purchased a new stake in shares of Danaher during the 3rd quarter valued at about $24,721,000. Finally, Wealth Intelligence LLC purchased a new stake in shares of Danaher during the 3rd quarter valued at about $5,676,000. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DHR shares. Weiss Ratings raised shares of Danaher from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price target on shares of Danaher in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their price target on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. Barclays boosted their price objective on shares of Danaher from $230.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Finally, Morgan Stanley upped their price objective on Danaher from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $235.41.

Danaher Stock Performance

Shares of DHR stock traded down $2.63 during trading hours on Friday, reaching $228.87. 3,516,366 shares of the company traded hands, compared to its average volume of 4,667,069. The firm has a 50-day moving average price of $214.04 and a 200 day moving average price of $195.97. The company has a market cap of $160.89 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.91 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. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80.

Danaher (NYSE:DHR) last released its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The company also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s dividend payout ratio is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.