Spear Holdings RSC Ltd Buys 93,777 Shares of Danaher Corporation $DHR

Spear Holdings RSC Ltd increased its stake in shares of Danaher Corporation (NYSE:DHR) by 22.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,161 shares of the conglomerate’s stock after purchasing an additional 93,777 shares during the quarter. Danaher makes up about 5.6% of Spear Holdings RSC Ltd’s portfolio, making the stock its 9th largest holding. Spear Holdings RSC Ltd’s holdings in Danaher were worth $99,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WFA of San Diego LLC bought a new position in Danaher in the second quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new stake in Danaher during the 2nd quarter valued at approximately $27,000. TruNorth Capital Management LLC bought a new position in Danaher during the 3rd quarter worth approximately $28,000. Red Tortoise LLC lifted its position in shares of Danaher by 175.0% in the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 98 shares during the period. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of Danaher during the third quarter worth $31,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Price Performance

DHR stock opened at $239.99 on Friday. The company has a market capitalization of $169.52 billion, a P/E ratio of 49.48, a price-to-earnings-growth ratio of 3.68 and a beta of 0.89. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $258.23. The business has a 50-day simple moving average of $229.99 and a two-hundred day simple moving average of $212.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52.

Danaher (NYSE:DHR) last announced its earnings results on Monday, October 20th. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. The company 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%.Danaher’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. Research analysts expect that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, December 26th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, December 26th. This represents a $1.28 annualized dividend and a yield of 0.5%. Danaher’s payout ratio is 26.39%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group upped their price target on shares of Danaher from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday. Rothschild Redb cut Danaher from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. TD Cowen reissued a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. 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 report on Friday, January 16th. Finally, Morgan Stanley assumed coverage on shares of Danaher in a research note on Monday, December 1st. They set an “overweight” rating and a $270.00 target price on the stock. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.09.

Insider Activity

In other Danaher news, SVP Georgeann Couchara sold 5,174 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $210.42, for a total value of $1,088,713.08. Following the transaction, the senior vice president owned 2,625 shares of the company’s stock, valued at approximately $552,352.50. The trade was a 66.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teri List sold 3,298 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total value of $746,997.00. Following the sale, the director directly owned 20,762 shares of the company’s stock, valued at approximately $4,702,593. This represents a 13.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,248 shares of company stock valued at $6,609,663 over the last three months. Corporate insiders own 11.10% of the company’s stock.

Danaher Company 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.