Danaher Corporation $DHR Shares Newly Acquired by RVW Wealth LLC

RVW Wealth LLC acquired a new stake in Danaher Corporation (NYSE:DHR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,585 shares of the conglomerate’s stock, valued at approximately $4,118,000.

A number of other institutional investors also recently modified their holdings of the stock. Main Street Group LTD acquired a new position in shares of Danaher during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Danaher in the second quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new position in Danaher in the 4th quarter worth approximately $27,000. Clal Insurance Enterprises Holdings Ltd raised its position in Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its holdings in Danaher by 208.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock worth $29,000 after buying an additional 104 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler initiated coverage on Danaher in a research report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective on the stock. TD Cowen cut their price target on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Stifel Nicolaus decreased their price target on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $230.00 price objective on shares of Danaher in a research report on Monday, July 6th. Finally, UBS Group began coverage on Danaher in a report on Wednesday, September 9th. They set a “buy” rating and a $250.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and a consensus price target of $234.09.

Danaher Trading Down 2.6%

Shares of DHR stock traded down $5.72 during trading hours on Tuesday, reaching $215.49. The company had a trading volume of 3,642,543 shares, compared to its average volume of 4,462,547. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The firm has a market cap of $151.48 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.67 and a beta of 0.76. The company has a 50 day moving average of $209.69 and a 200 day moving average of $193.88.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. On average, equities research analysts anticipate that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s payout ratio is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.