Dillon & Associates Inc. Purchases 6,572 Shares of Danaher Corporation $DHR

Dillon & Associates Inc. boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,312 shares of the conglomerate’s stock after buying an additional 6,572 shares during the period. Danaher makes up about 1.4% of Dillon & Associates Inc.’s portfolio, making the stock its 22nd largest position. Dillon & Associates Inc.’s holdings in Danaher were worth $10,754,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DHR. Beacon Financial Group lifted its position in shares of Danaher by 17.5% during the second quarter. Beacon Financial Group now owns 1,276 shares of the conglomerate’s stock valued at $252,000 after purchasing an additional 190 shares in the last quarter. Sunpointe LLC purchased a new position in Danaher in the second quarter valued at approximately $288,000. Pines Wealth Management LLC purchased a new position in shares of Danaher during the 2nd quarter valued at $230,000. Sivia Capital Partners LLC lifted its holdings in Danaher by 6.3% during the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock valued at $397,000 after purchasing an additional 119 shares during the last quarter. Finally, Sovran Advisors LLC lifted its stake in shares of Danaher by 1.6% during the 2nd quarter. Sovran Advisors LLC now owns 4,759 shares of the conglomerate’s stock valued at $955,000 after buying an additional 76 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Insiders Place Their Bets

In other Danaher news, SVP Brian W. Ellis sold 21,776 shares of the business’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 sale, the senior vice president directly owned 14,553 shares in the company, valued at approximately $3,190,454.19. The trade was a 59.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Georgeann Couchara sold 5,174 shares of Danaher stock in a transaction on Monday, November 10th. The stock was sold at an average price of $210.42, for a total transaction of $1,088,713.08. Following the transaction, the senior vice president owned 2,625 shares in the company, valued at $552,352.50. This represents a 66.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,248 shares of company stock valued at $6,609,663. Insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several analyst reports. HSBC raised their target price on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Argus set a $265.00 target price on shares of Danaher in a research report on Wednesday. Robert W. Baird set a $247.00 price target on shares of Danaher in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Morgan Stanley began coverage on shares of Danaher in a report on Monday, December 1st. They issued an “overweight” rating and a $270.00 target price on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $250.96.

Danaher Price Performance

Shares of DHR stock opened at $239.83 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $227.79 and its 200 day moving average is $211.58. The stock has a market cap of $169.40 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 4.23 and a beta of 0.89. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $258.23.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Danaher’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, December 26th. Danaher’s payout ratio is currently 26.39%.

Danaher Profile

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.