Great Lakes Retirement Inc. Buys 19,435 Shares of Danaher Corporation $DHR

Great Lakes Retirement Inc. grew its position in shares of Danaher Corporation (NYSE:DHR) by 46.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,555 shares of the conglomerate’s stock after acquiring an additional 19,435 shares during the quarter. Danaher accounts for approximately 1.3% of Great Lakes Retirement Inc.’s portfolio, making the stock its 19th largest holding. Great Lakes Retirement Inc.’s holdings in Danaher were worth $12,204,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Sivia Capital Partners LLC increased its position in shares of Danaher by 6.3% during 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 last quarter. Versor Investments LP bought a new position in Danaher in the 2nd quarter valued at $527,000. Intellectus Partners LLC purchased a new stake in shares of Danaher during the 2nd quarter valued at $371,000. Corton Capital Inc. bought a new stake in shares of Danaher during the 2nd quarter worth $225,000. Finally, Fullcircle Wealth LLC purchased a new position in shares of Danaher in the 2nd quarter worth about $644,000. 79.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Danaher Stock Down 1.0%

Danaher stock opened at $203.97 on Wednesday. The firm has a 50 day simple moving average of $224.34 and a 200 day simple moving average of $216.20. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $242.80. The firm has a market capitalization of $144.24 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 2.78 and a beta of 0.93.

Danaher (NYSE:DHR) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $2.14 earnings per share. On average, analysts predict that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 27th. This represents a $1.60 annualized dividend and a yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DHR shares. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Jefferies Financial Group lifted their price target on shares of Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. The Goldman Sachs Group dropped their price objective on Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Evercore reissued an “outperform” rating and issued a $254.00 target price on shares of Danaher in a research report on Wednesday, January 28th. Finally, HSBC boosted their target price on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Twenty analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average target price of $253.86.

About Danaher

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.