9,938 Danaher Corporation $DHR Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. increased its position in shares of Danaher Corporation (NYSE:DHR) by 528.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,818 shares of the conglomerate’s stock after purchasing an additional 9,938 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Danaher were worth $2,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Main Street Group LTD bought a new position in Danaher in the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Danaher in the 2nd quarter valued at approximately $25,000. Marquette Asset Management LLC lifted its holdings in shares of Danaher by 192.1% during the 3rd quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 73 shares during the period. Evolution Wealth Management Inc. lifted its holdings in shares of Danaher by 208.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 104 shares during the period. Finally, Field & Main Bank bought a new stake in shares of Danaher during the 2nd quarter worth approximately $29,000. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DHR shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target on shares of Danaher in a research report on Wednesday, July 22nd. TD Cowen boosted their price objective on shares of Danaher from $236.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore restated an “outperform” rating and set a $230.00 target price on shares of Danaher in a research note on Monday, July 6th. Stifel Nicolaus cut their target price on Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Guggenheim raised their target price on Danaher from $200.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.41.

Danaher Trading Up 1.4%

Shares of Danaher stock traded up $3.09 on Tuesday, hitting $224.29. The stock had a trading volume of 2,780,443 shares, compared to its average volume of 4,442,988. The stock has a 50 day moving average of $211.85 and a 200 day moving average of $194.88. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The firm has a market capitalization of $157.67 billion, a P/E ratio of 39.85, a PEG ratio of 2.74 and a beta of 0.76.

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

Danaher Dividend Announcement

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