Bank of Montreal Can Acquires 173,087 Shares of Danaher Corporation $DHR

Bank of Montreal Can increased its holdings in shares of Danaher Corporation (NYSE:DHR) by 32.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 702,418 shares of the conglomerate’s stock after purchasing an additional 173,087 shares during the period. Bank of Montreal Can owned approximately 0.10% of Danaher worth $139,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. White Pine Capital LLC grew its stake in shares of Danaher by 1.4% in the second quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock worth $690,000 after acquiring an additional 49 shares during the last quarter. SOL Capital Management CO grew its position in Danaher by 2.8% in the 3rd quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock worth $363,000 after purchasing an additional 50 shares during the last quarter. Purkiss Capital Advisors LLC grew its position in Danaher by 3.9% in the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock worth $263,000 after purchasing an additional 50 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of Danaher by 0.7% during the 3rd quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock worth $1,475,000 after purchasing an additional 51 shares during the period. Finally, Howard Capital Management Group LLC increased its holdings in shares of Danaher by 4.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 53 shares during the period. Institutional investors own 79.05% of the company’s stock.

Insider Activity

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction on 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 transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Danaher in a research note on Monday, December 1st. They issued an “overweight” rating and a $270.00 target price for the company. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Guggenheim lifted their price objective on Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. Finally, Evercore restated an “outperform” rating and set a $254.00 price objective on shares of Danaher in a research report on Wednesday, January 28th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and a consensus price target of $253.86.

Danaher Stock Down 1.8%

NYSE DHR opened at $195.32 on Wednesday. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $242.80. The company has a market capitalization of $138.12 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.69 and a beta of 0.93. The stock’s 50 day moving average is $221.18 and its two-hundred day moving average is $215.83. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.Danaher’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 EPS. Equities analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

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