2,472 Shares of Danaher Corporation $DHR Purchased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC bought a new position in Danaher Corporation (NYSE:DHR) during the 3rd quarter, HoldingsChannel reports. The fund bought 2,472 shares of the conglomerate’s stock, valued at approximately $548,000.

Several other hedge funds have also recently made changes to their positions in DHR. Marquette Asset Management LLC lifted its position in Danaher by 192.1% during the third quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Danaher in the 2nd quarter worth $25,000. Main Street Group LTD acquired a new stake in Danaher in the first quarter worth about $25,000. Field & Main Bank purchased a new position in shares of Danaher during the second quarter worth $29,000. Finally, Solstein Capital LLC acquired a new position in shares of Danaher in the second quarter worth about $33,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Danaher

In related news, CAO Christopher Bouda sold 7,598 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $234.56, for a total transaction of $1,782,186.88. Following the transaction, the chief accounting officer directly owned 9,107 shares of the company’s stock, valued at approximately $2,136,137.92. The trade was a 45.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHR. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a research report on Monday, October 26th. Robert W. Baird upped their price objective on shares of Danaher from $246.00 to $254.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. UBS Group reissued a “buy” rating and issued a $260.00 target price on shares of Danaher in a report on Thursday, October 22nd. Stifel Nicolaus lifted their price target on shares of Danaher from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Finally, DZ Bank downgraded shares of Danaher from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.91.

Danaher Stock Performance

DHR stock opened at $234.99 on Thursday. The firm has a market cap of $165.32 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.89 and a beta of 0.76. The stock’s 50 day simple moving average is $219.77 and its 200 day simple moving average is $201.67. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.45. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Wednesday, October 21st. The conglomerate reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.19. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.56 billion. Danaher had a return on equity of 11.17% and a net margin of 16.91%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. As a group, equities research analysts predict that Danaher Corporation will post 8.59 EPS for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Danaher’s dividend payout ratio is currently 26.19%.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.