Danaher Corporation $DHR Position Increased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its holdings in shares of Danaher Corporation (NYSE:DHR) by 12.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 115,335 shares of the conglomerate’s stock after purchasing an additional 12,416 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Danaher were worth $26,402,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC acquired a new position in Danaher in the 4th quarter worth approximately $397,000. Pure Financial Advisors LLC acquired a new position in Danaher in the 4th quarter worth approximately $251,000. Osprey Private Wealth LLC boosted its stake in Danaher by 37.3% in the 4th quarter. Osprey Private Wealth LLC now owns 21,105 shares of the conglomerate’s stock worth $4,831,000 after purchasing an additional 5,730 shares during the period. Income Insurance Ltd acquired a new position in Danaher in the 4th quarter worth approximately $440,000. Finally, Advisor OS LLC boosted its stake in Danaher by 2.0% in the 4th quarter. Advisor OS LLC now owns 6,103 shares of the conglomerate’s stock worth $1,397,000 after purchasing an additional 118 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley decreased their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Rothschild & Co Redburn set a $205.00 price objective on shares of Danaher in a research note on Friday, April 17th. Leerink Partners raised their price objective on shares of Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $240.70.

Danaher Stock Down 2.7%

DHR stock opened at $166.46 on Tuesday. Danaher Corporation has a 12-month low of $165.25 and a 12-month high of $242.80. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The company has a market cap of $117.82 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.29 and a beta of 0.81. The company has a 50 day moving average of $189.62 and a two-hundred day moving average of $211.89.

Danaher (NYSE:DHR) last released its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a $0.40 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Danaher’s dividend payout ratio is presently 30.95%.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.80% of the stock is currently owned by insiders.

Danaher Profile

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.