Pursuit Wealth Management LLC Buys New Shares in Danaher Corporation $DHR

Pursuit Wealth Management LLC bought a new stake in Danaher Corporation (NYSE:DHR) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,775 shares of the conglomerate’s stock, valued at approximately $635,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Viking Global Investors LP raised its position in shares of Danaher by 543.9% during the second quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock worth $574,351,000 after purchasing an additional 2,455,994 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Danaher by 104.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock valued at $991,923,000 after purchasing an additional 2,216,789 shares in the last quarter. Generation Investment Management LLP increased its stake in Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Danaher by 211.7% during the third quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock worth $414,038,000 after buying an additional 1,418,243 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Danaher by 33.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock valued at $697,680,000 after buying an additional 891,210 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Danaher Stock Down 0.2%

DHR opened at $198.20 on Thursday. Danaher Corporation has a twelve month low of $180.03 and a twelve month high of $242.80. The company’s 50-day moving average price is $199.69 and its two-hundred day moving average price is $214.77. The stock has a market cap of $140.26 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.69 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be issued a dividend of $0.40 per share. This is a boost from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DHR shares. Evercore reduced their price objective on shares of Danaher from $254.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. raised their price target on shares of Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Leerink Partners lifted their price target on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Argus set a $265.00 target price on Danaher in a report on Wednesday, January 14th. Finally, Robert W. Baird set a $251.00 price objective on shares of Danaher in a report on Thursday, January 29th. Eighteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.35.

Insider Buying and Selling

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.80% of the stock is owned by insiders.

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.