Waratah Capital Advisors Ltd. Has $39.97 Million Holdings in Danaher Corporation $DHR

Waratah Capital Advisors Ltd. increased its position in Danaher Corporation (NYSE:DHR) by 55.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,578 shares of the conglomerate’s stock after buying an additional 72,184 shares during the period. Danaher accounts for 0.7% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 10th largest holding. Waratah Capital Advisors Ltd.’s holdings in Danaher were worth $39,965,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC increased its stake in shares of Danaher by 6.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after purchasing an additional 119 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new stake in Danaher in the 2nd quarter worth approximately $252,000. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Danaher by 2.7% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 5,274 shares of the conglomerate’s stock worth $1,044,000 after buying an additional 138 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Danaher by 445.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 15,573 shares of the conglomerate’s stock valued at $3,076,000 after buying an additional 12,717 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Danaher by 2.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 165,676 shares of the conglomerate’s stock worth $32,728,000 after acquiring an additional 4,450 shares during the period. Institutional investors own 79.05% of the company’s stock.

Danaher Stock Down 0.8%

Shares of DHR stock opened at $209.16 on Wednesday. Danaher Corporation has a one year low of $171.00 and a one year high of $242.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. The stock has a fifty day moving average price of $226.18 and a 200 day moving average price of $216.18. The stock has a market cap of $147.74 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.09. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. Analysts predict that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.40 per share. This is a positive change from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHR. Robert W. Baird set a $251.00 price target on Danaher in a research report on Thursday, January 29th. Wall Street Zen raised Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Argus set a $265.00 price target on Danaher in a research report on Wednesday, January 14th. HSBC increased their price objective on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Morgan Stanley started coverage on shares of Danaher in a research report on Monday, December 1st. They set an “overweight” rating and a $270.00 target price on the stock. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.86.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.20% 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.