K.J. Harrison & Partners Inc Buys 8,000 Shares of Danaher Corporation $DHR

K.J. Harrison & Partners Inc boosted its stake in Danaher Corporation (NYSE:DHR) by 400.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,000 shares of the conglomerate’s stock after buying an additional 8,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Danaher were worth $2,289,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in shares of Danaher in the 4th quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in Danaher in the third quarter worth $25,000. WFA of San Diego LLC bought a new position in Danaher in the second quarter worth $26,000. ANTIPODES PARTNERS Ltd bought a new position in Danaher in the third quarter worth $27,000. Finally, Financial Life Planners purchased a new position in Danaher during the third quarter valued at $32,000. 79.05% of the stock is owned by institutional investors.

Danaher Price Performance

DHR opened at $174.85 on Thursday. The firm has a market cap of $123.75 billion, a PE ratio of 33.82, a P/E/G ratio of 2.33 and a beta of 0.81. The stock has a 50-day moving average price of $191.92 and a 200-day moving average price of $212.77. Danaher Corporation has a 1 year low of $172.06 and a 1 year high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that Danaher Corporation will post 8.43 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. Shareholders of record on Friday, June 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Danaher’s dividend payout ratio (DPR) is presently 30.95%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $245.00 target price on shares of Danaher in a research report on Tuesday, April 21st. Evercore lifted their price target on shares of Danaher from $225.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company dropped their price objective on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. Morgan Stanley cut their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Danaher has an average rating of “Moderate Buy” and a consensus price target of $240.70.

Insider Activity at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.