Danaher Corporation $DHR Shares Purchased by Perbak Capital Partners LLP

Perbak Capital Partners LLP raised its position in Danaher Corporation (NYSE:DHR) by 75.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,112 shares of the conglomerate’s stock after purchasing an additional 7,794 shares during the period. Danaher makes up approximately 0.6% of Perbak Capital Partners LLP’s investment portfolio, making the stock its 17th biggest position. Perbak Capital Partners LLP’s holdings in Danaher were worth $3,591,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Glenmede Investment Management LP increased its position in shares of Danaher by 23.5% during the third quarter. Glenmede Investment Management LP now owns 83,802 shares of the conglomerate’s stock worth $16,615,000 after acquiring an additional 15,945 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of Danaher in the third quarter worth about $225,000. Compass Capital Management Inc. boosted its holdings in Danaher by 2.3% in the third quarter. Compass Capital Management Inc. now owns 287,737 shares of the conglomerate’s stock valued at $57,047,000 after purchasing an additional 6,481 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Danaher during the 3rd quarter valued at approximately $442,000. Finally, Annandale Capital LLC grew its stake in Danaher by 53.2% during the 3rd quarter. Annandale Capital LLC now owns 7,815 shares of the conglomerate’s stock valued at $1,549,000 after purchasing an additional 2,715 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHR has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on Danaher in a research report on Monday, December 1st. They issued an “overweight” rating and a $270.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Guggenheim lifted their price target on shares of Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. Evercore reaffirmed an “outperform” rating and issued a $254.00 price target on shares of Danaher in a report on Wednesday, January 28th. Finally, HSBC increased their price objective on shares of Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Nineteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Danaher Trading Up 0.6%

NYSE:DHR opened at $187.34 on Friday. The firm has a market capitalization 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. The business has a 50 day simple moving average of $218.79 and a 200 day simple moving average of $215.34. 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 Corporation has a 12-month low of $171.00 and a 12-month high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.09. The firm had revenue of $6.84 billion for 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 for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $2.14 earnings per share. Equities research analysts predict that Danaher Corporation will post 7.63 EPS for the current 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 a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Danaher’s dividend payout ratio is 25.40%.

Insider Buying and Selling at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were 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 $1,060,642.99. The trade was a 20.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.10% of the stock is currently owned by company 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.