Cooper Investors PTY Ltd. Acquires 1,736 Shares of Danaher Corporation $DHR

Cooper Investors PTY Ltd. boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,435 shares of the conglomerate’s stock after buying an additional 1,736 shares during the quarter. Danaher makes up approximately 1.3% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 28th biggest position. Cooper Investors PTY Ltd.’s holdings in Danaher were worth $7,395,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its holdings in Danaher by 22.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,731 shares of the conglomerate’s stock worth $44,241,000 after acquiring an additional 35,730 shares during the period. Waverly Advisors LLC grew its stake in Danaher by 24.8% during the fourth quarter. Waverly Advisors LLC now owns 10,596 shares of the conglomerate’s stock worth $2,432,000 after purchasing an additional 2,109 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in Danaher in the fourth quarter worth approximately $1,993,000. Voloridge Investment Management LLC acquired a new position in Danaher in the fourth quarter valued at approximately $3,763,000. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Danaher by 151.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 8,237 shares of the conglomerate’s stock worth $1,891,000 after buying an additional 4,958 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. UBS Group decreased their target price on Danaher from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Robert W. Baird upped their target price on Danaher from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Finally, Evercore ISI lowered their price objective on shares of Danaher from $230.00 to $226.00 and set an “outperform” rating on the stock in a report on Tuesday, July 8th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $246.35.

Danaher Stock Up 1.2%

DHR stock opened at $195.26 on Friday. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $279.90. The firm has a market capitalization of $139.82 billion, a PE ratio of 41.55, a PEG ratio of 2.69 and a beta of 0.75. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $200.40 and a two-hundred day simple moving average of $198.47.

Danaher (NYSE:DHR) last announced its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.16. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.83 billion. Danaher had a net margin of 14.21% and a return on equity of 10.70%. Danaher’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 earnings per share. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, equities analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, September 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.28 annualized dividend and a yield of 0.7%. Danaher’s payout ratio is presently 27.23%.

Insider Transactions at Danaher

In other Danaher news, Director Teri List sold 2,778 shares of Danaher stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the completion of the transaction, the director directly owned 20,751 shares of the company’s stock, valued at approximately $4,379,706.06. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.10% of the company’s stock.

About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.