RWA Wealth Partners LLC Buys 74,446 Shares of Danaher Corporation $DHR

RWA Wealth Partners LLC lifted its holdings in Danaher Corporation (NYSE:DHR) by 1,155.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,891 shares of the conglomerate’s stock after acquiring an additional 74,446 shares during the period. RWA Wealth Partners LLC’s holdings in Danaher were worth $15,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Summit Investment Advisors Inc. boosted its holdings in Danaher by 0.8% during the first quarter. Summit Investment Advisors Inc. now owns 22,145 shares of the conglomerate’s stock worth $4,540,000 after purchasing an additional 179 shares during the last quarter. Wedbush Securities Inc. boosted its position in Danaher by 6.3% during the second quarter. Wedbush Securities Inc. now owns 4,541 shares of the conglomerate’s stock valued at $897,000 after buying an additional 270 shares during the period. Rovin Capital UT ADV increased its position in shares of Danaher by 22.2% in the second quarter. Rovin Capital UT ADV now owns 2,740 shares of the conglomerate’s stock valued at $541,000 after acquiring an additional 497 shares during the period. Harvest Portfolios Group Inc. boosted its holdings in Danaher by 13.1% in the second quarter. Harvest Portfolios Group Inc. now owns 280,648 shares of the conglomerate’s stock valued at $55,439,000 after acquiring an additional 32,599 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in Danaher by 40.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 18,613 shares of the conglomerate’s stock worth $3,677,000 after purchasing an additional 5,375 shares during the period. 79.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Danaher Stock Down 0.4%

DHR stock opened at $209.89 on Friday. The company has a market capitalization of $148.26 billion, a P/E ratio of 43.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.81. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $258.23. The firm’s fifty day simple moving average is $204.02 and its 200-day simple moving average is $200.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.52 and a quick ratio of 1.10.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, October 21st. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the firm posted $1.71 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. As a group, equities research analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, September 26th were given a dividend of $0.32 per share. The ex-dividend date was Friday, September 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Danaher’s dividend payout ratio is currently 26.39%.

Analyst Ratings Changes

DHR has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Danaher from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. TD Cowen boosted their price objective on Danaher from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Danaher in a research note on Wednesday, October 8th. Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Finally, Bank of America dropped their price target on Danaher from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.39.

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.