ABC Arbitrage SA Acquires New Position in Danaher Corporation $DHR

ABC Arbitrage SA acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,391 shares of the conglomerate’s stock, valued at approximately $474,000.

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

Insider Buying and Selling at Danaher

In other news, Director Teri List sold 3,298 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total value of $746,997.00. Following the completion of the sale, the director owned 20,762 shares in the company, valued at approximately $4,702,593. This trade represents a 13.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore reaffirmed an “outperform” rating and issued a $254.00 price objective on shares of Danaher in a research report on Wednesday, January 28th. Argus set a $265.00 price objective on Danaher in a report on Wednesday, January 14th. Morgan Stanley began coverage on shares of Danaher in a research note on Monday, December 1st. They set an “overweight” rating and a $270.00 target price on the stock. Robert W. Baird set a $251.00 price target on shares of Danaher in a research note on Thursday, January 29th. Finally, Leerink Partners lifted their target price on shares of Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.86.

Danaher Trading Up 0.1%

Danaher stock opened at $219.97 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. The stock has a market cap of $155.38 billion, a P/E ratio of 43.65, a PEG ratio of 2.97 and a beta of 0.91. The firm’s 50 day moving average price is $229.15 and its 200-day moving average price is $215.40. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $242.80.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The company had revenue of $6.84 billion during 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%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 earnings per share. On average, equities analysts predict that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Dividend Announcement

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