Beirne Wealth Consulting Services LLC Takes Position in Danaher Corporation $DHR

Beirne Wealth Consulting Services LLC bought a new position in Danaher Corporation (NYSE:DHR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,756 shares of the conglomerate’s stock, valued at approximately $1,143,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHR. Vanguard Group Inc. grew its holdings in Danaher by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock worth $12,004,424,000 after acquiring an additional 788,499 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Danaher by 0.6% in the second quarter. Geode Capital Management LLC now owns 13,726,194 shares of the conglomerate’s stock worth $2,697,800,000 after purchasing an additional 81,670 shares during the last quarter. Norges Bank purchased a new position in Danaher during the 2nd quarter valued at about $1,979,503,000. Generation Investment Management LLP raised its position in Danaher by 56.2% during the 2nd quarter. Generation Investment Management LLP now owns 4,965,646 shares of the conglomerate’s stock valued at $980,914,000 after purchasing an additional 1,787,522 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Danaher by 4.0% in the 2nd quarter. Franklin Resources Inc. now owns 4,822,442 shares of the conglomerate’s stock worth $952,625,000 after buying an additional 186,357 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Jefferies Financial Group upped their price objective on shares of Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Argus set a $265.00 price target on shares of Danaher in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Danaher currently has an average rating of “Moderate Buy” and a consensus price target of $253.86.

Danaher Trading Down 1.2%

NYSE:DHR opened at $212.37 on Tuesday. The firm has a market capitalization of $150.01 billion, a P/E ratio of 42.14, a PEG ratio of 2.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. Danaher Corporation has a one year low of $171.00 and a one year high of $242.80. The company’s 50-day simple moving average is $228.40 and its 200 day simple moving average is $215.71.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same period last year, the business earned $2.14 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts forecast that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, December 26th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 26th. Danaher’s dividend payout ratio is currently 25.40%.

About Danaher

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.