Woodley Farra Manion Portfolio Management Inc. Raises Holdings in Danaher Corporation $DHR

Woodley Farra Manion Portfolio Management Inc. raised its holdings in shares of Danaher Corporation (NYSE:DHR) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 256,278 shares of the conglomerate’s stock after purchasing an additional 3,164 shares during the period. Danaher makes up about 2.7% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 16th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Danaher were worth $58,749,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Capital International Investors boosted its stake in Danaher by 8.9% during the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock valued at $4,177,386,000 after purchasing an additional 1,487,768 shares during the last quarter. Norges Bank bought a new position in shares of Danaher during the 4th quarter valued at $2,177,106,000. Generation Investment Management LLP lifted its holdings in shares of Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after buying an additional 1,689,020 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Danaher by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 4,931,303 shares of the conglomerate’s stock valued at $1,128,874,000 after buying an additional 637,666 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Danaher by 1.0% during the 4th quarter. Legal & General Group Plc now owns 4,495,287 shares of the conglomerate’s stock valued at $1,029,061,000 after buying an additional 43,169 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DHR. JPMorgan Chase & Co. lowered their price target on Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Guggenheim lowered their price target on Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and set a $245.00 price target on shares of Danaher in a report on Tuesday, April 21st. Piper Sandler began coverage on Danaher in a report on Thursday. They set a “neutral” rating and a $200.00 price target on the stock. Finally, Robert W. Baird lowered their price target on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.61.

Danaher Price Performance

Shares of Danaher stock opened at $180.65 on Friday. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The stock’s fifty day moving average is $181.15 and its 200 day moving average is $204.96. The stock has a market cap of $127.86 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

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

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

About Danaher

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.