Global Retirement Partners LLC Has $2.52 Million Stock Holdings in Danaher Corporation $DHR

Global Retirement Partners LLC boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,985 shares of the conglomerate’s stock after buying an additional 4,151 shares during the period. Global Retirement Partners LLC’s holdings in Danaher were worth $2,515,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Tyche Wealth Partners LLC bought a new stake in shares of Danaher in the 3rd quarter worth $462,000. Bank Pictet & Cie Europe AG grew its stake in shares of Danaher by 25.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock worth $83,895,000 after acquiring an additional 74,301 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after acquiring an additional 18,744 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Danaher by 4.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 513,288 shares of the conglomerate’s stock worth $100,071,000 after acquiring an additional 22,595 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Danaher by 22.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 95,443 shares of the conglomerate’s stock worth $18,923,000 after acquiring an additional 17,478 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of several recent analyst reports. Rothschild & Co Redburn set a $205.00 target price on shares of Danaher in a research note on Friday, April 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Robert W. Baird reduced their target price on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. UBS Group reduced their target price on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average price target of $238.65.

Danaher Price Performance

DHR opened at $172.12 on Friday. The firm has a market cap of $121.82 billion, a P/E ratio of 33.29, a PEG ratio of 2.30 and a beta of 0.81. The firm has a 50-day moving average of $183.52 and a 200 day moving average of $208.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. On average, research analysts expect that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s dividend payout ratio is presently 30.95%.

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.