Danaher Corporation $DHR Stock Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG raised its position in shares of Danaher Corporation (NYSE:DHR) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,472 shares of the conglomerate’s stock after purchasing an additional 18,376 shares during the period. Danaher makes up approximately 1.6% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 17th biggest position. Bank Pictet & Cie Europe AG owned 0.05% of Danaher worth $82,964,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Marquette Asset Management LLC lifted its position in shares of Danaher by 192.1% during the 3rd quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate’s stock worth $25,000 after buying an additional 73 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Danaher in the second quarter valued at about $25,000. Main Street Group LTD bought a new position in Danaher in the first quarter valued at about $25,000. Field & Main Bank bought a new position in Danaher in the second quarter valued at about $29,000. Finally, Evolution Wealth Management Inc. raised its stake in Danaher by 208.0% during the first quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHR. Royal Bank Of Canada increased their target price on shares of Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. Wall Street Zen downgraded shares of Danaher from a “buy” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company decreased their price target on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and set a $230.00 price objective on shares of Danaher in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price on shares of Danaher in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.41.

Danaher Trading Up 0.2%

DHR traded up $0.43 during trading on Tuesday, reaching $224.86. 3,822,917 shares of the company’s stock were exchanged, compared to its average volume of 4,448,633. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $158.08 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.88 and a beta of 0.76. The firm has a fifty day moving average price of $214.35 and a two-hundred day moving average price of $196.30.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.09. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, equities research analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued 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 is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.