SFE Investment Counsel Boosts Stock Holdings in Danaher Corporation $DHR

SFE Investment Counsel raised its position in shares of Danaher Corporation (NYSE:DHR) by 32.8% in the first quarter, Holdings Channel.com reports. The fund owned 36,120 shares of the conglomerate’s stock after acquiring an additional 8,930 shares during the quarter. SFE Investment Counsel’s holdings in Danaher were worth $6,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its position in shares of Danaher by 25.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after purchasing an additional 74,301 shares in the last quarter. Maxi Investments CY Ltd acquired a new stake in shares of Danaher in the 3rd quarter worth $3,251,000. Defender Capital LLC. acquired a new stake in shares of Danaher in the 4th quarter worth $35,715,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 186,584 shares during the period. Finally, Coastline Trust Co raised its stake in shares of Danaher by 71.5% in the 4th quarter. Coastline Trust Co now owns 12,746 shares of the conglomerate’s stock valued at $2,918,000 after acquiring an additional 5,312 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DHR. Piper Sandler initiated coverage on shares of Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective for the company. HSBC decreased their price target on Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. TD Cowen dropped their price objective on Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen downgraded Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $231.64.

Danaher Stock Up 1.6%

Shares of Danaher stock traded up $3.13 during trading hours on Friday, reaching $199.11. 3,847,629 shares of the company were exchanged, compared to its average volume of 3,706,558. The firm has a market cap of $140.92 billion, a PE ratio of 38.51, a PEG ratio of 2.54 and a beta of 0.79. 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 1 year low of $160.93 and a 1 year high of $242.80. The stock’s fifty day moving average is $180.59 and its 200 day moving average is $199.48.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share 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 the consensus estimate of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.Danaher’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 EPS. As a group, equities research analysts forecast that Danaher Corporation will post 8.44 earnings per share for the current year.

Danaher Announces Dividend

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