Calamos Wealth Management LLC Lowers Position in Danaher Corporation $DHR

Calamos Wealth Management LLC trimmed its holdings in shares of Danaher Corporation (NYSE:DHR) by 24.8% during the 1st quarter, Holdings Channel reports. The fund owned 65,493 shares of the conglomerate’s stock after selling 21,549 shares during the period. Calamos Wealth Management LLC’s holdings in Danaher were worth $12,418,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DHR. Elevated Capital Advisors LLC purchased a new stake in shares of Danaher in the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in Danaher during the fourth quarter valued at approximately $27,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Danaher by 71.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after buying an additional 53 shares during the period. JPL Wealth Management LLC bought a new position in Danaher in the third quarter worth approximately $25,000. Finally, WFA of San Diego LLC purchased a new stake in Danaher during the second quarter worth $26,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Price Performance

Shares of DHR opened at $200.45 on Tuesday. The company has a 50 day moving average of $181.02 and a two-hundred day moving average of $199.06. 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 twelve month low of $160.93 and a twelve month high of $242.80. The company has a market cap of $141.87 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.54 and a beta of 0.79.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm posted $1.88 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts predict that Danaher Corporation will post 8.44 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. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio is currently 30.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. DZ Bank initiated coverage on Danaher in a research report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 target price on the stock. Morgan Stanley reduced their price target on Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Piper Sandler started coverage on Danaher in a research note on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective for the company. Robert W. Baird dropped their price objective on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, TD Cowen cut their target price on Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $231.64.

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.