Wealthsource Partners LLC Buys 53 Shares of Danaher Co. (NYSE:DHR)

Wealthsource Partners LLC grew its holdings in Danaher Co. (NYSE:DHR – Get Rating) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,274 shares of the conglomerate’s stock after buying an additional 53 shares during the quarter. Wealthsource Partners LLC’s holdings in Danaher were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHR. Fairfield Bush & CO. increased its stake in shares of Danaher by 10.9% in the first quarter. Fairfield Bush & CO. now owns 4,840 shares of the conglomerate’s stock valued at $1,420,000 after buying an additional 475 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of Danaher by 19.3% during the first quarter. Zions Bancorporation N.A. now owns 2,468 shares of the conglomerate’s stock worth $724,000 after buying an additional 400 shares during the last quarter. Covestor Ltd lifted its holdings in Danaher by 76.8% in the first quarter. Covestor Ltd now owns 495 shares of the conglomerate’s stock valued at $145,000 after buying an additional 215 shares during the period. NewEdge Advisors LLC lifted its holdings in Danaher by 14.1% in the first quarter. NewEdge Advisors LLC now owns 31,530 shares of the conglomerate’s stock valued at $9,248,000 after buying an additional 3,897 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in Danaher by 135.9% in the first quarter. Bridgewater Associates LP now owns 35,270 shares of the conglomerate’s stock valued at $10,346,000 after buying an additional 20,320 shares during the period. 77.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Danaher in a report on Tuesday, December 13th. They issued a “buy” rating and a $310.00 price objective on the stock. StockNews.com lowered shares of Danaher from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 1st. Barclays increased their target price on shares of Danaher from $277.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, January 24th. Cowen cut their target price on shares of Danaher from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Finally, Credit Suisse Group lowered shares of Danaher from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $315.00 to $300.00 in a report on Thursday, January 5th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.29.

Danaher Stock Performance

Shares of DHR opened at $244.85 on Wednesday. The firm has a 50-day moving average of $259.27 and a 200-day moving average of $262.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.89 and a quick ratio of 1.52. The company has a market cap of $178.39 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.97 and a beta of 0.80. Danaher Co. has a one year low of $233.71 and a one year high of $303.82.

Danaher (NYSE:DHR – Get Rating) last posted its earnings results on Tuesday, January 24th. The conglomerate reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.41. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $7.90 billion. Danaher had a net margin of 22.91% and a return on equity of 17.97%. Danaher’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.69 EPS. As a group, equities analysts forecast that Danaher Co. will post 10.14 earnings per share for the current year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from Danaher’s previous quarterly dividend of $0.25. Danaher’s dividend payout ratio (DPR) is currently 10.36%.

Insider Transactions at Danaher

In other Danaher news, Director Raymond C. Stevens sold 8,410 shares of Danaher stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $264.27, for a total value of $2,222,510.70. Following the completion of the sale, the director now owns 8,394 shares in the company, valued at approximately $2,218,282.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Danaher Company Profile

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Danaher Corp. engages in the design, manufacture, and marketing of professional, medical, industrial, and commercial products and services. It operates through the following segments: Biotechnology, Life Sciences, Diagnostics, and Environmental and Applied Solutions. The Biotechnology segment includes the bioprocessing and discovery and medical businesses and offers a range of tools, consumables, and services.