Chicago Partners Investment Group LLC Raises Position in Danaher Corporation $DHR

Chicago Partners Investment Group LLC increased its position in shares of Danaher Corporation (NYSE:DHR) by 42.8% in the 1st quarter, HoldingsChannel reports. The firm owned 14,964 shares of the conglomerate’s stock after purchasing an additional 4,488 shares during the period. Chicago Partners Investment Group LLC’s holdings in Danaher were worth $2,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG grew its holdings in Danaher by 25.4% during the fourth 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 during the period. Maxi Investments CY Ltd acquired a new stake in Danaher in the third quarter valued at $3,251,000. Defender Capital LLC. purchased a new stake in shares of Danaher during the 4th quarter worth $35,715,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Danaher by 303.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock worth $56,777,000 after purchasing an additional 186,584 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Danaher during the 3rd quarter worth $17,480,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Trading Up 0.7%

Shares of DHR stock opened at $200.45 on Tuesday. The company has a market capitalization of $141.87 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.54 and a beta of 0.79. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $181.02 and a 200 day moving average price of $199.06. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80.

Danaher (NYSE:DHR) last released its quarterly 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 company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. Research analysts forecast that Danaher Corporation will post 8.44 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is 30.95%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DHR. Robert W. Baird dropped their target price on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Citigroup started coverage on Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 price target on the stock. Guggenheim lowered their price target on Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Argus dropped their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

Danaher Company Profile

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.