Czech National Bank Raises Stock Position in Danaher Corporation $DHR

Czech National Bank grew its stake in shares of Danaher Corporation (NYSE:DHR) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,766 shares of the conglomerate’s stock after acquiring an additional 3,908 shares during the period. Czech National Bank’s holdings in Danaher were worth $37,947,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sivia Capital Partners LLC raised 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 worth $397,000 after purchasing an additional 119 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Danaher in the second quarter valued at $1,346,000. Jefferies Financial Group Inc. grew its holdings in Danaher by 86.7% in the second quarter. Jefferies Financial Group Inc. now owns 17,087 shares of the conglomerate’s stock valued at $3,375,000 after purchasing an additional 7,936 shares during the last quarter. CreativeOne Wealth LLC increased its position in shares of Danaher by 38.6% in the second quarter. CreativeOne Wealth LLC now owns 2,432 shares of the conglomerate’s stock valued at $480,000 after buying an additional 677 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in shares of Danaher by 19,646.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 204,570 shares of the conglomerate’s stock worth $40,411,000 after buying an additional 203,534 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley started coverage on shares of Danaher in a research report on Monday, December 1st. They issued an “overweight” rating and a $270.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Guggenheim increased their price target on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. Evercore reissued an “outperform” rating and set a $254.00 price objective on shares of Danaher in a research note on Wednesday, January 28th. Finally, Argus set a $265.00 price objective on Danaher in a research report on Wednesday, January 14th. Nineteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.10% of the company’s stock.

Danaher Trading Down 1.5%

Shares of DHR stock opened at $187.18 on Thursday. The company has a market capitalization of $132.36 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.58 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $211.42 and a 200 day moving average price of $214.71. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $242.80.

Danaher (NYSE:DHR) last released its quarterly 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 company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $2.14 EPS. Research analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is presently 25.40%.

Danaher Company 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.