Vista Investment Partners LLC Makes New $573,000 Investment in Danaher Corporation $DHR

Vista Investment Partners LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,587 shares of the conglomerate’s stock, valued at approximately $573,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in Danaher in the 3rd quarter worth approximately $1,196,000. Quintet Private Bank Europe S.A. boosted its holdings in shares of Danaher by 102.7% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,875 shares of the conglomerate’s stock worth $415,000 after purchasing an additional 950 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Danaher by 21.8% during the third quarter. Toth Financial Advisory Corp now owns 6,631 shares of the conglomerate’s stock worth $1,469,000 after purchasing an additional 1,189 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Danaher in the third quarter valued at $1,043,000. Finally, Vann Equity Management LLC acquired a new position in Danaher in the third quarter valued at $1,911,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Danaher in a research note on Monday, July 6th. Royal Bank Of Canada upped their price objective on shares of Danaher from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Danaher from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Barclays boosted their target price on shares of Danaher from $230.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group initiated coverage on shares of Danaher in a research note on Wednesday, September 9th. They set a “buy” rating and a $250.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.23.

Danaher Trading Down 1.5%

Shares of NYSE:DHR traded down $3.24 during trading on Thursday, reaching $215.25. 3,143,285 shares of the stock were exchanged, compared to its average volume of 4,452,785. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The firm has a market cap of $151.32 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76. The firm’s 50-day moving average price is $210.46 and its 200 day moving average price is $194.25.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the firm posted $0.77 earnings per share. Danaher’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Danaher’s payout ratio is presently 28.42%.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.