Clearstead Advisors LLC Grows Stock Position in Danaher Corporation $DHR

Clearstead Advisors LLC grew its position in shares of Danaher Corporation (NYSE:DHR) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,939 shares of the conglomerate’s stock after buying an additional 3,589 shares during the period. Clearstead Advisors LLC’s holdings in Danaher were worth $18,624,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Catawba River Capital boosted its position in Danaher by 1.4% during the third quarter. Catawba River Capital now owns 40,067 shares of the conglomerate’s stock worth $7,944,000 after purchasing an additional 551 shares during the period. Avalon Trust Co lifted its stake in shares of Danaher by 5.1% during the 3rd quarter. Avalon Trust Co now owns 78,807 shares of the conglomerate’s stock valued at $15,624,000 after buying an additional 3,847 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Danaher by 11.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,285 shares of the conglomerate’s stock worth $453,000 after buying an additional 243 shares during the period. Zeno Equity Partners LLP grew its stake in Danaher by 2.6% in the 3rd quarter. Zeno Equity Partners LLP now owns 265,795 shares of the conglomerate’s stock valued at $52,756,000 after buying an additional 6,856 shares in the last quarter. Finally, Ellerson Group Inc. ADV raised its holdings in Danaher by 0.8% during the 3rd quarter. Ellerson Group Inc. ADV now owns 14,292 shares of the conglomerate’s stock valued at $2,834,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several analyst reports. Jefferies Financial Group raised their target price on Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Guggenheim raised their price target on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Finally, Wells Fargo & Company upped their price target on shares of Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a report on Monday, December 15th. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.86.

Danaher Trading Down 0.8%

DHR opened at $209.56 on Monday. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $226.85 and a 200-day simple moving average of $216.03. The firm has a market cap of $148.02 billion, a P/E ratio of 41.58, a P/E/G ratio of 2.83 and a beta of 0.91.

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

Danaher Dividend Announcement

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

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president directly owned 5,099 shares in the company, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.20% of the stock is currently owned by insiders.

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.