Danaher Co. (NYSE:DHR) Shares Acquired by Western Pacific Wealth Management LP

Western Pacific Wealth Management LP boosted its holdings in Danaher Co. (NYSE:DHR) by 32.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 446 shares of the conglomerate’s stock after purchasing an additional 108 shares during the quarter. Western Pacific Wealth Management LP’s holdings in Danaher were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. General American Investors Co. Inc. grew its holdings in shares of Danaher by 20.0% during the 3rd quarter. General American Investors Co. Inc. now owns 60,010 shares of the conglomerate’s stock worth $16,684,000 after purchasing an additional 10,000 shares during the period. Washington Trust Bank grew its stake in Danaher by 8.4% during the third quarter. Washington Trust Bank now owns 902 shares of the conglomerate’s stock worth $251,000 after buying an additional 70 shares during the period. Montecito Bank & Trust increased its position in shares of Danaher by 29.7% in the third quarter. Montecito Bank & Trust now owns 5,186 shares of the conglomerate’s stock worth $1,442,000 after acquiring an additional 1,188 shares in the last quarter. Jackson Square Capital LLC raised its stake in shares of Danaher by 8.8% in the 3rd quarter. Jackson Square Capital LLC now owns 11,920 shares of the conglomerate’s stock valued at $3,314,000 after acquiring an additional 966 shares during the period. Finally, Walkner Condon Financial Advisors LLC acquired a new position in shares of Danaher during the 3rd quarter valued at $214,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DHR. Leerink Partners raised their target price on Danaher from $275.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Wells Fargo & Company assumed coverage on Danaher in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $280.00 target price for the company. Robert W. Baird cut their price target on shares of Danaher from $278.00 to $277.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com raised shares of Danaher from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Stephens restated an “overweight” rating and issued a $315.00 target price on shares of Danaher in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Danaher has an average rating of “Moderate Buy” and a consensus price target of $287.16.

Danaher Trading Down 0.7 %

DHR stock opened at $246.10 on Friday. The business has a fifty day moving average of $265.79 and a 200-day moving average of $260.75. The company has a market cap of $177.75 billion, a P/E ratio of 46.97, a PEG ratio of 4.54 and a beta of 0.85. Danaher Co. has a twelve month low of $192.35 and a twelve month high of $281.70. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 0.32.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.14. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.02 earnings per share. As a group, equities research analysts expect that Danaher Co. will post 7.51 EPS for the current year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, September 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.44%. Danaher’s dividend payout ratio is currently 20.61%.

Insider Transactions at Danaher

In other Danaher news, SVP Georgeann Couchara sold 952 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $268.37, for a total value of $255,488.24. Following the sale, the senior vice president now owns 4,212 shares in the company, valued at $1,130,374.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.90% of the stock is currently owned by insiders.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.