Vista Investment Partners LLC Acquires New Holdings in Danaher Corporation $DHR

Vista Investment Partners LLC bought a new position in shares of Danaher Corporation (NYSE:DHR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,587 shares of the conglomerate’s stock, valued at approximately $573,000.

Several other institutional investors and hedge funds have also made changes to their positions in DHR. New Covenant Trust Company N.A. acquired a new stake in Danaher during the 3rd quarter valued at $1,196,000. Quintet Private Bank Europe S.A. boosted its position in Danaher by 102.7% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,875 shares of the conglomerate’s stock valued at $415,000 after buying an additional 950 shares during the last quarter. Toth Financial Advisory Corp boosted its position in Danaher by 21.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 6,631 shares of the conglomerate’s stock valued at $1,469,000 after buying an additional 1,189 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of Danaher during the third quarter valued at about $1,043,000. Finally, Vann Equity Management LLC purchased a new stake in shares of Danaher during the third quarter worth about $1,911,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DHR. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Danaher in a report on Monday, July 6th. Barclays upped their target price on Danaher from $230.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday. Guggenheim raised their price target on shares of Danaher from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Weiss Ratings raised shares of Danaher from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Finally, UBS Group started coverage on shares of Danaher in a research note on Wednesday, September 9th. They set a “buy” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $235.23.

Danaher Stock Performance

Danaher stock traded down $3.24 during mid-day trading on Thursday, reaching $215.25. The company’s stock had a trading volume of 3,143,285 shares, compared to its average volume of 4,452,785. 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 Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The business has a 50 day moving average price of $210.46 and a 200-day moving average price of $194.25. The firm has a market cap of $151.32 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.68 and a beta of 0.76.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping 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 analysts’ expectations of $6.12 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s dividend payout ratio (DPR) is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.