Beverly Hills Private Wealth LLC Acquires Shares of 3,382 Danaher Corporation $DHR

Beverly Hills Private Wealth LLC bought a new position in shares of Danaher Corporation (NYSE:DHR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,382 shares of the conglomerate’s stock, valued at approximately $671,000.

Other large investors have also added to or reduced their stakes in the company. Compass Wealth Management LLC boosted its holdings in Danaher by 3.2% in the third quarter. Compass Wealth Management LLC now owns 49,137 shares of the conglomerate’s stock valued at $9,742,000 after purchasing an additional 1,531 shares during the last quarter. Wealth Alliance LLC acquired a new position in Danaher during the 3rd quarter valued at about $663,000. Ontario Teachers Pension Plan Board bought a new position in Danaher in the 3rd quarter worth approximately $4,737,000. Jacobi Capital Management LLC grew its stake in shares of Danaher by 1.5% in the third quarter. Jacobi Capital Management LLC now owns 9,342 shares of the conglomerate’s stock worth $1,852,000 after purchasing an additional 134 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in Danaher by 17.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 15,772 shares of the conglomerate’s stock valued at $3,127,000 after buying an additional 2,348 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Stock Down 0.8%

DHR stock opened at $209.56 on Friday. 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 firm has a market capitalization of $148.02 billion, a P/E ratio of 41.58, a P/E/G ratio of 2.85 and a beta of 0.91. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80. The company’s 50 day simple moving average is $226.85 and its 200-day simple moving average is $215.77.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business posted $2.14 EPS. The company’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on DHR shares. The Goldman Sachs Group dropped their target price on Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. HSBC upped their price objective on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Jefferies Financial Group lifted their price objective on shares of Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, KeyCorp reissued an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Twenty analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.86.

Insider Transactions at Danaher

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

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.