Nwam LLC Cuts Stock Holdings in Danaher Corporation $DHR

Nwam LLC reduced its stake in Danaher Corporation (NYSE:DHR) by 4.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 10,225 shares of the conglomerate’s stock after selling 422 shares during the quarter. Nwam LLC’s holdings in Danaher were worth $2,086,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DHR. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Danaher by 2.1% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 2,524 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 51 shares during the last quarter. Worth Financial Advisory Group LLC grew its position in Danaher by 4.6% in the 2nd quarter. Worth Financial Advisory Group LLC now owns 1,195 shares of the conglomerate’s stock worth $236,000 after purchasing an additional 53 shares in the last quarter. 1834 Investment Advisors Co. increased its stake in Danaher by 3.3% in the 1st quarter. 1834 Investment Advisors Co. now owns 1,666 shares of the conglomerate’s stock valued at $342,000 after buying an additional 54 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of Danaher by 13.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 467 shares of the conglomerate’s stock worth $92,000 after buying an additional 54 shares during the last quarter. Finally, Texas Bank & Trust Co boosted its stake in shares of Danaher by 1.6% in the 2nd quarter. Texas Bank & Trust Co now owns 3,567 shares of the conglomerate’s stock worth $705,000 after buying an additional 55 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on DHR. Rothschild Redb downgraded Danaher from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Danaher in a research note on Wednesday, October 22nd. TD Cowen lifted their target price on Danaher from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen downgraded shares of Danaher from a “buy” rating to a “hold” rating in a report on Monday. Finally, Evercore ISI increased their price target on shares of Danaher from $226.00 to $245.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Danaher currently has an average rating of “Moderate Buy” and an average price target of $243.39.

Danaher Stock Up 2.2%

DHR stock opened at $215.80 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52. The company has a market capitalization of $152.43 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 3.28 and a beta of 0.81. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $258.23. The stock has a fifty day moving average of $204.36 and a 200-day moving average of $200.64.

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

Danaher Announces Dividend

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

Insider Activity at Danaher

In related news, Director Teri List sold 2,778 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $211.06, for a total transaction of $586,324.68. Following the sale, the director directly owned 20,751 shares in the company, valued at approximately $4,379,706.06. The trade was a 11.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.10% of the stock is owned by insiders.

Danaher 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.