Geode Capital Management LLC Raises Position in Danaher Corporation $DHR

Geode Capital Management LLC lifted its stake in Danaher Corporation (NYSE:DHR) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,726,194 shares of the conglomerate’s stock after purchasing an additional 81,670 shares during the period. Geode Capital Management LLC’s holdings in Danaher were worth $2,697,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Pacific Capital Partners Ltd bought a new stake in Danaher during the 1st quarter worth approximately $7,175,000. CWM LLC raised its position in shares of Danaher by 36.9% during the 1st quarter. CWM LLC now owns 30,811 shares of the conglomerate’s stock valued at $6,316,000 after purchasing an additional 8,313 shares during the period. MQS Management LLC purchased a new position in shares of Danaher during the 1st quarter valued at $225,000. Sigma Planning Corp boosted its holdings in Danaher by 10.1% in the 1st quarter. Sigma Planning Corp now owns 11,279 shares of the conglomerate’s stock worth $2,312,000 after buying an additional 1,036 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Danaher by 3,673.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,037 shares of the conglomerate’s stock worth $7,812,000 after buying an additional 37,029 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $220.00 price objective (down previously from $245.00) on shares of Danaher in a research note on Wednesday, October 8th. Rothschild Redb downgraded Danaher from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. TD Cowen lifted their price objective on shares of Danaher from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company restated a “positive” rating on shares of Danaher in a research report on Thursday, October 23rd. Finally, Robert W. Baird set a $247.00 target price on shares of Danaher in a research note on Wednesday, October 22nd. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $243.39.

Danaher Price Performance

Danaher stock opened at $215.80 on Wednesday. The firm has a 50-day moving average price of $204.36 and a 200-day moving average price of $200.64. The firm has a market capitalization of $152.43 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 3.28 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $258.23.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, October 21st. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share. 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 EPS for the current year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, September 26th were paid a $0.32 dividend. The ex-dividend date of this dividend 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 26.39%.

Insider Transactions at Danaher

In related news, Director Teri List sold 2,778 shares of the business’s stock in a transaction that occurred on 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 owned 20,751 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. 11.20% of the stock is currently owned by insiders.

Danaher Company Profile

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.