Polar Asset Management Partners Inc. Increases Stock Position in Danaher Corporation $DHR

Polar Asset Management Partners Inc. raised its stake in Danaher Corporation (NYSE:DHRFree Report) by 48.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 19,500 shares of the conglomerate’s stock after purchasing an additional 6,400 shares during the period. Polar Asset Management Partners Inc.’s holdings in Danaher were worth $3,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in DHR. Main Street Group LTD purchased a new stake in shares of Danaher in the 1st quarter valued at about $25,000. JPL Wealth Management LLC purchased a new position in Danaher during the 3rd quarter worth approximately $25,000. Elevated Capital Advisors LLC acquired a new position in Danaher during the fourth quarter worth approximately $26,000. WFA of San Diego LLC acquired a new position in Danaher during the second quarter worth approximately $26,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Danaher in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. 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 target price on the stock. Citigroup initiated coverage on shares of Danaher in a research report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price target for the company. Royal Bank Of Canada increased their price target on shares of Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird lowered their price objective on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $228.91.

Get Our Latest Research Report on DHR

Danaher Trading Up 0.2%

Shares of DHR stock opened at $191.87 on Monday. The business’s 50 day moving average is $185.64 and its two-hundred day moving average is $196.76. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company has a market capitalization of $134.88 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 2.38 and a beta of 0.79. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHRGet Free Report) last released its earnings results on Tuesday, July 21st. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Dividend Announcement

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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s payout ratio is currently 28.42%.

Trending Headlines about Danaher

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About Danaher

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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