Kestra Private Wealth Services LLC Increases Stock Position in Danaher Corporation $DHR

Kestra Private Wealth Services LLC grew its position in Danaher Corporation (NYSE:DHR) by 33.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,654 shares of the conglomerate’s stock after purchasing an additional 5,233 shares during the period. Kestra Private Wealth Services LLC’s holdings in Danaher were worth $4,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tyche Wealth Partners LLC bought a new stake in shares of Danaher in the 3rd quarter worth approximately $462,000. Bank Pictet & Cie Europe AG lifted its holdings in shares of Danaher by 25.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock worth $83,895,000 after acquiring an additional 74,301 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in shares of Danaher by 49.4% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 25,340 shares of the conglomerate’s stock worth $5,024,000 after acquiring an additional 8,380 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Danaher by 2.9% in the third quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after buying an additional 18,744 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its stake in shares of Danaher by 4.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 513,288 shares of the conglomerate’s stock worth $100,071,000 after buying an additional 22,595 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Price Performance

NYSE DHR opened at $179.23 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 12 month low of $175.00 and a 12 month high of $242.80. The company’s 50 day moving average is $194.58 and its two-hundred day moving average is $213.63. The stock has a market cap of $126.85 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.41 and a beta of 0.95.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.88 EPS. Danaher has set its FY 2026 guidance at 8.350-8.550 EPS. As a group, research analysts anticipate that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, March 27th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is currently 30.95%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays decreased their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. TD Cowen decreased their target price on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Wolfe Research decreased their target price on shares of Danaher from $260.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Argus reduced their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $240.70.

Insider Activity at Danaher

In other 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 completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.80% of the company’s stock.

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.