Danaher Corporation $DHR Shares Sold by Hoey Investments Inc.

Hoey Investments Inc. lessened its position in Danaher Corporation (NYSE:DHR) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 693 shares of the conglomerate’s stock after selling 69 shares during the period. Hoey Investments Inc.’s holdings in Danaher were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CHICAGO TRUST Co NA grew its position in Danaher by 21.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 14,504 shares of the conglomerate’s stock worth $2,865,000 after purchasing an additional 2,595 shares during the last quarter. Gries Financial LLC boosted its position in shares of Danaher by 7.2% during the second quarter. Gries Financial LLC now owns 1,412 shares of the conglomerate’s stock worth $279,000 after buying an additional 95 shares during the period. Golden State Equity Partners bought a new position in Danaher in the 2nd quarter worth approximately $387,000. Mechanics Bank Trust Department increased its position in Danaher by 9.5% in the 2nd quarter. Mechanics Bank Trust Department now owns 10,410 shares of the conglomerate’s stock valued at $2,056,000 after acquiring an additional 903 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Danaher during the 2nd quarter worth $225,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHR has been the topic of a number of research analyst reports. UBS Group lowered their price target on Danaher from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Evercore ISI lowered their target price on shares of Danaher from $230.00 to $226.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 8th. Guggenheim reaffirmed a “buy” rating and issued a $250.00 price target on shares of Danaher in a research note on Wednesday, July 23rd. Robert W. Baird increased their price objective on shares of Danaher from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Danaher from $240.00 to $235.00 in a report on Thursday, June 5th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Danaher currently has an average rating of “Moderate Buy” and an average target price of $245.91.

Danaher Stock Down 1.5%

Danaher stock opened at $190.30 on Tuesday. The firm’s 50 day moving average price is $200.02 and its two-hundred day moving average price is $198.03. The firm has a market cap of $136.26 billion, a PE ratio of 40.49, a P/E/G ratio of 2.70 and a beta of 0.75. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $279.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.22 and a current ratio of 1.62.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.16. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, research analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, September 26th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Danaher’s payout ratio is presently 27.23%.

Insider Activity

In related news, Director Teri List sold 2,778 shares of Danaher stock in a transaction 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 transaction, the director owned 20,751 shares in the company, valued at $4,379,706.06. This trade represents a 11.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.20% of the company’s stock.

Danaher 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.