169,416 Shares in Danaher Corporation $DHR Bought by Senator Investment Group LP

Senator Investment Group LP acquired a new position in shares of Danaher Corporation (NYSE:DHR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 169,416 shares of the conglomerate’s stock, valued at approximately $38,783,000. Danaher accounts for approximately 1.6% of Senator Investment Group LP’s portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank Pictet & Cie Europe AG grew its holdings in Danaher by 25.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after purchasing an additional 74,301 shares during the last quarter. Maxi Investments CY Ltd acquired a new stake in Danaher in the third quarter valued at $3,251,000. Defender Capital LLC. acquired a new stake in Danaher in the fourth quarter valued at $35,715,000. Northwestern Mutual Wealth Management Co. grew its holdings in Danaher by 303.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock valued at $56,777,000 after purchasing an additional 186,584 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in Danaher in the third quarter valued at $17,480,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on DHR shares. HSBC reduced their price objective on Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler started coverage on Danaher in a research report on Thursday. They issued a “neutral” rating and a $200.00 price objective on the stock. Wolfe Research downgraded Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Barclays reduced their price objective on Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Morgan Stanley reduced their price objective on Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.61.

Danaher Stock Up 0.5%

Shares of NYSE:DHR opened at $181.04 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The stock’s fifty day simple moving average is $180.73 and its 200-day simple moving average is $204.27. The company has a market capitalization of $128.13 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.30 and a beta of 0.81.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the business earned $1.88 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Danaher Corporation will post 8.45 earnings per share for the current fiscal year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s dividend payout ratio is 30.95%.

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.