Praxis Investment Management Inc. Purchases 3,541 Shares of Danaher Corporation $DHR

Praxis Investment Management Inc. increased its position in Danaher Corporation (NYSE:DHR) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,406 shares of the conglomerate’s stock after buying an additional 3,541 shares during the quarter. Praxis Investment Management Inc.’s holdings in Danaher were worth $5,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DHR. Koshinski Asset Management Inc. raised its stake in shares of Danaher by 6.3% during the first quarter. Koshinski Asset Management Inc. now owns 2,548 shares of the conglomerate’s stock valued at $483,000 after acquiring an additional 150 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Danaher by 2.3% during the first quarter. V Square Quantitative Management LLC now owns 17,547 shares of the conglomerate’s stock worth $3,327,000 after purchasing an additional 399 shares during the period. Hunter Associates Investment Management LLC grew its stake in shares of Danaher by 7.0% in the first quarter. Hunter Associates Investment Management LLC now owns 1,324 shares of the conglomerate’s stock worth $250,000 after purchasing an additional 87 shares during the last quarter. Latitude Advisors LLC grew its stake in shares of Danaher by 6.1% in the first quarter. Latitude Advisors LLC now owns 1,839 shares of the conglomerate’s stock worth $349,000 after purchasing an additional 105 shares during the last quarter. Finally, Evolution Wealth Management Inc. increased its holdings in Danaher by 208.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DHR. JPMorgan Chase & Co. dropped their price objective on Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. The Goldman Sachs Group reduced their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Royal Bank Of Canada started coverage on shares of Danaher in a report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 price target on the stock. UBS Group reduced their price objective on shares of Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Evercore upped their price objective on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.61.

Danaher Stock Down 0.0%

DHR stock opened at $197.85 on Friday. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The business’s 50 day moving average price is $179.01 and its two-hundred day moving average price is $200.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The company has a market capitalization of $140.03 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 EPS. As a group, analysts forecast that Danaher Corporation will post 8.44 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio is 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.