Dara Capital US Inc. Invests $1.07 Million in Danaher Corporation $DHR

Dara Capital US Inc. purchased a new position in Danaher Corporation (NYSE:DHR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,667 shares of the conglomerate’s stock, valued at approximately $1,068,000. Danaher makes up 0.9% of Dara Capital US Inc.’s investment portfolio, making the stock its 25th biggest holding.

Other large investors have also bought and sold shares of the company. JPL Wealth Management LLC bought a new position in Danaher during the third quarter valued at about $25,000. WFA of San Diego LLC bought a new position in Danaher during the second quarter valued at about $26,000. ANTIPODES PARTNERS Ltd bought a new position in Danaher during the third quarter valued at about $27,000. TruNorth Capital Management LLC bought a new position in Danaher during the third quarter valued at about $28,000. Finally, Tripletail Wealth Management LLC bought a new position in Danaher during the third quarter valued at about $31,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Leerink Partners raised their target price on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Guggenheim upped their target price on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.35.

Danaher Trading Down 1.7%

Shares of NYSE DHR opened at $189.69 on Friday. Danaher Corporation has a 12 month low of $178.78 and a 12 month high of $242.80. The company has a market cap of $134.24 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.57 and a beta of 0.95. 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 $201.03 and a 200-day simple moving average of $214.48.

Danaher (NYSE:DHR) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.14 EPS. Sell-side analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 annualized dividend and a yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio (DPR) is currently 31.75%.

Insider Transactions at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

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.