2,587 Danaher Corporation $DHR Shares Bought by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC grew its holdings in Danaher Corporation (NYSE:DHR) by 215.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,790 shares of the conglomerate’s stock after buying an additional 2,587 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Danaher were worth $840,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Danaher in the 2nd quarter valued at approximately $10,492,520,000. State Street Corp grew its holdings in Danaher by 1.7% in the 4th quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock valued at $6,345,529,000 after buying an additional 472,608 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Danaher by 10.4% during the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock worth $3,108,031,000 after acquiring an additional 1,542,310 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Danaher in the second quarter worth approximately $1,456,317,000. Finally, Generation Investment Management LLP purchased a new stake in Danaher in the second quarter valued at approximately $1,287,949,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Danaher from $230.00 to $255.00 and gave the stock an “overweight” rating in a research note on Wednesday. Guggenheim upped their price objective on Danaher from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Stifel Nicolaus cut their target price on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Finally, Evercore reissued an “outperform” rating and set a $230.00 price target on shares of Danaher in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $235.23.

Danaher Trading Up 1.2%

Shares of DHR stock opened at $220.15 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The firm’s 50 day moving average price is $211.38 and its two-hundred day moving average price is $194.62. The stock has a market cap of $154.76 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.76.

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

Danaher Dividend Announcement

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

Danaher Profile

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.