Destination Wealth Management Purchases 7,640 Shares of Danaher Corporation $DHR

Destination Wealth Management increased its position in Danaher Corporation (NYSE:DHR) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,417 shares of the conglomerate’s stock after purchasing an additional 7,640 shares during the quarter. Destination Wealth Management’s holdings in Danaher were worth $37,752,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sivia Capital Partners LLC increased 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 period. Foundations Investment Advisors LLC lifted its stake in Danaher by 5.2% during the second quarter. Foundations Investment Advisors LLC now owns 2,403 shares of the conglomerate’s stock worth $475,000 after purchasing an additional 119 shares during the period. Empower Advisory Group LLC lifted its stake in Danaher by 8.9% during the second quarter. Empower Advisory Group LLC now owns 3,048 shares of the conglomerate’s stock worth $602,000 after purchasing an additional 248 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Danaher by 6.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 156,215 shares of the conglomerate’s stock valued at $30,859,000 after purchasing an additional 9,855 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Danaher by 10.1% in the 2nd quarter. Creative Planning now owns 145,343 shares of the conglomerate’s stock valued at $28,711,000 after purchasing an additional 13,328 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DHR shares. Morgan Stanley initiated coverage on Danaher in a report on Monday, December 1st. They issued an “overweight” rating and a $270.00 target price for the company. Evercore reiterated an “outperform” rating and issued a $254.00 price target on shares of Danaher in a research report on Wednesday, January 28th. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.55.

Insider Buying and Selling at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Danaher Stock Performance

Danaher stock opened at $187.34 on Monday. The stock has a 50-day simple moving average of $218.79 and a 200 day simple moving average of $215.48. The stock has a market capitalization of $132.47 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 2.54 and a beta of 0.93. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $242.80.

Danaher (NYSE:DHR) last issued 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. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.14 EPS. On average, research analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

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

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.