Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases Shares of 40,203 Danaher Corporation $DHR

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Danaher Corporation (NYSE:DHR) during the fourth quarter, HoldingsChannel reports. The fund purchased 40,203 shares of the conglomerate’s stock, valued at approximately $9,203,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Saranac Partners Ltd raised its holdings in Danaher by 10.2% during the fourth quarter. Saranac Partners Ltd now owns 25,192 shares of the conglomerate’s stock valued at $5,774,000 after acquiring an additional 2,339 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Danaher by 25.6% in the fourth quarter. Handelsbanken Fonder AB now owns 279,879 shares of the conglomerate’s stock worth $64,070,000 after purchasing an additional 57,013 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Danaher by 24.3% in the fourth quarter. Profund Advisors LLC now owns 10,227 shares of the conglomerate’s stock worth $2,341,000 after purchasing an additional 1,998 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Danaher by 7.1% in the fourth quarter. ProShare Advisors LLC now owns 122,497 shares of the conglomerate’s stock worth $28,042,000 after purchasing an additional 8,139 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Danaher by 2.5% in the fourth quarter. HighTower Advisors LLC now owns 419,053 shares of the conglomerate’s stock worth $95,930,000 after purchasing an additional 10,404 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DHR. UBS Group reduced their target price on Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Evercore lifted their target price on Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $245.00 target price on shares of Danaher in a report on Tuesday, April 21st. Morgan Stanley reduced their target price on Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reduced their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $238.65.

Insider Buying and Selling

In related news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Danaher Trading Up 1.9%

DHR opened at $166.97 on Wednesday. The firm has a market cap of $118.18 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.19 and a beta of 0.81. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $184.97 and a 200 day moving average of $209.60.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.88 earnings per share. As a group, research analysts forecast that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 annualized dividend and a yield of 1.0%. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

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.