10,071 Shares in Danaher Corporation $DHR Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Danaher Corporation (NYSE:DHR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,071 shares of the conglomerate’s stock, valued at approximately $1,989,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DHR. Red Tortoise LLC raised its holdings in Danaher by 175.0% in the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 98 shares in the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of Danaher in the second quarter worth approximately $40,000. Costello Asset Management INC purchased a new position in shares of Danaher during the first quarter valued at approximately $41,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in Danaher by 53.8% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 203 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 71 shares during the period. Finally, Strengthening Families & Communities LLC boosted its holdings in Danaher by 81.4% in the first quarter. Strengthening Families & Communities LLC now owns 254 shares of the conglomerate’s stock worth $52,000 after purchasing an additional 114 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Teri List sold 2,778 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $211.06, for a total value of $586,324.68. Following the completion of the sale, the director directly owned 20,751 shares in the company, valued at $4,379,706.06. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DHR. Rothschild & Co Redburn reiterated a “neutral” rating and set a $220.00 target price (down from $245.00) on shares of Danaher in a research note on Wednesday, October 8th. TD Cowen lifted their price objective on Danaher from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Redburn Partners set a $220.00 price objective on Danaher in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $241.00 target price on Danaher in a research report on Tuesday, September 2nd. Finally, Bank of America reduced their target price on shares of Danaher from $230.00 to $220.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $243.39.

Danaher Stock Up 2.2%

Shares of DHR stock opened at $215.80 on Wednesday. The company’s fifty day simple moving average is $204.36 and its two-hundred day simple moving average is $200.64. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $258.23. The stock has a market cap of $152.43 billion, a P/E ratio of 44.49, a PEG ratio of 3.28 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, October 21st. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the firm earned $1.71 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, September 26th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s payout ratio is currently 26.39%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.