Mackenzie Financial Corp Has $191.06 Million Holdings in Danaher Corporation $DHR

Mackenzie Financial Corp lessened its holdings in Danaher Corporation (NYSE:DHR) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 963,670 shares of the conglomerate’s stock after selling 16,961 shares during the period. Mackenzie Financial Corp’s holdings in Danaher were worth $191,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHR. Sivia Capital Partners LLC lifted its stake in Danaher by 6.3% in the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock valued at $397,000 after acquiring an additional 119 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Danaher by 6.3% in the second quarter. Wedbush Securities Inc. now owns 4,541 shares of the conglomerate’s stock worth $897,000 after purchasing an additional 270 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Danaher by 16.0% during the second quarter. Prospera Financial Services Inc now owns 4,972 shares of the conglomerate’s stock worth $983,000 after buying an additional 684 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Danaher by 2.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,297 shares of the conglomerate’s stock valued at $651,000 after purchasing an additional 71 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Danaher by 3.2% in the second quarter. Acadian Asset Management LLC now owns 51,051 shares of the conglomerate’s stock valued at $10,083,000 after buying an additional 1,596 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHR has been the topic of several recent research reports. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. 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. 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 for the company. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Finally, Wells Fargo & Company increased their price objective on shares of Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. Twenty analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $253.86.

Danaher Stock Performance

DHR stock 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 current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The firm has a market cap of $138.12 billion, a PE ratio of 38.75, a P/E/G ratio of 2.69 and a beta of 0.93. The business’s 50-day moving average price is $221.18 and its two-hundred day moving average price is $215.83.

Danaher (NYSE:DHR) last announced its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.79 billion. During the same period last year, the company posted $2.14 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. This is a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s dividend payout ratio (DPR) is presently 25.40%.

Insider Transactions at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.20% of the stock is owned by corporate insiders.

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.