Great Lakes Retirement Inc. Purchases 2,464 Shares of Danaher Corporation $DHR

Great Lakes Retirement Inc. lifted its position in Danaher Corporation (NYSE:DHR) by 3.5% in the 3rd quarter, Holdings Channel reports. The fund owned 71,992 shares of the conglomerate’s stock after buying an additional 2,464 shares during the period. Danaher makes up approximately 1.4% of Great Lakes Retirement Inc.’s investment portfolio, making the stock its 18th biggest holding. Great Lakes Retirement Inc.’s holdings in Danaher were worth $15,950,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DHR. Generali Asset Management SPA SGR boosted its stake in Danaher by 7.1% in the 3rd quarter. Generali Asset Management SPA SGR now owns 68,832 shares of the conglomerate’s stock worth $15,250,000 after purchasing an additional 4,540 shares during the period. Asset Management One Co. Ltd. grew its position in Danaher by 1.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 303,012 shares of the conglomerate’s stock worth $67,132,000 after purchasing an additional 5,768 shares in the last quarter. Autumn Glory Partners LLC grew its position in Danaher by 50.3% during the 3rd quarter. Autumn Glory Partners LLC now owns 2,858 shares of the conglomerate’s stock worth $633,000 after purchasing an additional 956 shares in the last quarter. Midland Wealth Advisors LLC raised its stake in Danaher by 10.5% during the 3rd quarter. Midland Wealth Advisors LLC now owns 1,815 shares of the conglomerate’s stock valued at $402,000 after purchasing an additional 173 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in Danaher by 4.4% during the 3rd quarter. Angeles Wealth Management LLC now owns 7,557 shares of the conglomerate’s stock valued at $1,677,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $230.00 target price on shares of Danaher in a report on Monday, July 6th. Morgan Stanley raised their target price on Danaher from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Robert W. Baird lifted their price target on Danaher from $246.00 to $254.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup upped their price target on Danaher from $230.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and an average price target of $242.91.

Danaher Stock Performance

Shares of DHR opened at $232.00 on Wednesday. The company’s fifty day moving average is $217.41 and its 200-day moving average is $201.82. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80.

Danaher (NYSE:DHR) last released its quarterly earnings data on Wednesday, October 21st. The conglomerate reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.19. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same period in the previous year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Danaher Corporation will post 8.59 EPS for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.