Danaher Corporation $DHR Shares Acquired by Eastern Bank

Eastern Bank grew its stake in Danaher Corporation (NYSE:DHRFree Report) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 190,640 shares of the conglomerate’s stock after acquiring an additional 4,107 shares during the period. Eastern Bank’s holdings in Danaher were worth $37,796,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new position in Danaher during the second quarter worth $26,000. Howard Hughes Medical Institute acquired a new position in Danaher during the 2nd quarter worth about $27,000. TruNorth Capital Management LLC purchased a new position in Danaher during the 3rd quarter valued at about $28,000. Red Tortoise LLC boosted its holdings in Danaher by 175.0% during the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 98 shares during the period. Finally, Tripletail Wealth Management LLC acquired a new position in Danaher in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Key Danaher News

Here are the key news stories impacting Danaher this week:

Wall Street Analyst Weigh In

Several research firms have recently commented on DHR. Barclays raised their price objective on shares of Danaher from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Wells Fargo & Company upped their price objective on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Rothschild Redb lowered Danaher from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley initiated coverage on Danaher in a research note on Monday, December 1st. They set an “overweight” rating and a $270.00 target price for the company. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.92.

Check Out Our Latest Analysis on Danaher

Danaher Stock Performance

NYSE:DHR opened at $235.40 on Wednesday. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $258.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.52 and a quick ratio of 1.10. The firm has a market capitalization of $166.27 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 4.25 and a beta of 0.89. The business’s fifty day moving average price is $226.70 and its 200 day moving average price is $211.20.

Danaher (NYSE:DHRGet Free Report) last released its quarterly earnings data on Monday, October 20th. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the firm posted $1.71 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. Danaher’s dividend payout ratio (DPR) is presently 26.39%.

Insiders Place Their Bets

In related news, Director Teri List sold 3,298 shares of Danaher stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total transaction of $746,997.00. Following the sale, the director directly owned 20,762 shares in the company, valued at $4,702,593. This trade represents a 13.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian W. Ellis sold 21,776 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $219.23, for a total transaction of $4,773,952.48. Following the completion of the transaction, the senior vice president owned 14,553 shares of the company’s stock, valued at $3,190,454.19. This represents a 59.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,248 shares of company stock valued at $6,609,663. 11.20% of the stock is owned by corporate insiders.

Danaher Company Profile

(Free Report)

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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