Acadian Asset Management LLC Boosts Stock Holdings in Danaher Corporation $DHR

Acadian Asset Management LLC increased its position in Danaher Corporation (NYSE:DHR) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,051 shares of the conglomerate’s stock after buying an additional 1,596 shares during the period. Acadian Asset Management LLC’s holdings in Danaher were worth $10,083,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Pacific Capital Partners Ltd purchased a new stake in shares of Danaher in the first quarter worth approximately $7,175,000. CWM LLC grew its position in Danaher by 36.9% in the 1st quarter. CWM LLC now owns 30,811 shares of the conglomerate’s stock valued at $6,316,000 after acquiring an additional 8,313 shares during the last quarter. MQS Management LLC bought a new position in Danaher in the 1st quarter valued at $225,000. Sigma Planning Corp increased its stake in Danaher by 10.1% in the first quarter. Sigma Planning Corp now owns 11,279 shares of the conglomerate’s stock worth $2,312,000 after purchasing an additional 1,036 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in shares of Danaher by 8.6% during the first quarter. Wealthfront Advisers LLC now owns 58,503 shares of the conglomerate’s stock worth $11,993,000 after purchasing an additional 4,645 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Insiders Place Their Bets

In other news, Director Teri List sold 2,778 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $211.06, for a total transaction of $586,324.68. Following the transaction, the director owned 20,751 shares in the company, valued at $4,379,706.06. This trade represents a 11.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Georgeann Couchara sold 5,174 shares of Danaher stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $210.42, for a total transaction of $1,088,713.08. Following the completion of the sale, the senior vice president owned 2,625 shares in the company, valued at approximately $552,352.50. This trade represents a 66.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DHR shares. Royal Bank Of Canada set a $241.00 price objective on shares of Danaher in a report on Tuesday, September 2nd. Redburn Partners set a $220.00 price target on Danaher in a report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Danaher in a report on Wednesday, October 22nd. TD Cowen upped their target price on Danaher from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price target on Danaher from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.39.

Danaher Stock Performance

Shares of Danaher stock opened at $219.60 on Thursday. The company has a 50 day moving average price of $204.76 and a 200 day moving average price of $200.77. The firm has a market capitalization of $155.11 billion, a P/E ratio of 45.28, a PEG ratio of 3.28 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $258.23.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, October 21st. The conglomerate reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the previous year, the business earned $1.71 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Sell-side analysts expect that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, September 26th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, September 26th. Danaher’s payout ratio is currently 26.39%.

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.