Danaher Corporation $DHR Shares Acquired by Prudential PLC

Prudential PLC increased its position in shares of Danaher Corporation (NYSE:DHR) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,871 shares of the conglomerate’s stock after acquiring an additional 16,123 shares during the quarter. Prudential PLC’s holdings in Danaher were worth $19,404,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHR. Sivia Capital Partners LLC lifted its stake in shares of Danaher by 6.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after purchasing an additional 119 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Danaher by 2.2% in the second 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 period. Allworth Financial LP grew its position in shares of Danaher by 12.2% in the second quarter. Allworth Financial LP now owns 5,099 shares of the conglomerate’s stock valued at $1,007,000 after purchasing an additional 554 shares during the period. PNC Financial Services Group Inc. increased its stake in Danaher by 10.8% in the second quarter. PNC Financial Services Group Inc. now owns 304,825 shares of the conglomerate’s stock valued at $60,215,000 after purchasing an additional 29,686 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its stake in Danaher by 15.0% in the second quarter. WASHINGTON TRUST Co now owns 4,771 shares of the conglomerate’s stock valued at $942,000 after purchasing an additional 623 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Danaher Price Performance

Shares of DHR stock opened at $187.34 on Friday. The firm has a fifty day moving average of $218.79 and a two-hundred day moving average of $215.34. The firm has a market cap of $132.47 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.52 and a beta of 0.93. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $242.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. During the same quarter in the prior year, the business posted $2.14 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be issued a $0.40 dividend. This is an increase from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s dividend payout ratio is presently 25.40%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. HSBC raised their price target on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a research report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and an average target price of $253.55.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This trade represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.10% of the stock is owned by insiders.

Danaher 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.