Danaher Corporation $DHR Position Lifted by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 4,817.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 56,308 shares of the conglomerate’s stock after purchasing an additional 55,163 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Danaher were worth $12,475,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Main Street Group LTD acquired a new stake in shares of Danaher during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Danaher during the second quarter valued at about $25,000. Marquette Asset Management LLC boosted its position 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 purchasing an additional 73 shares during the period. Evolution Wealth Management Inc. grew its stake in shares of Danaher by 208.0% in the first quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Field & Main Bank acquired a new position in Danaher during the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Danaher in a research report on Monday, July 6th. The Goldman Sachs Group boosted their price target on shares of Danaher from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Stifel Nicolaus lowered their target price on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. TD Cowen upped their price target on Danaher from $236.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays upped 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, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.41.

Danaher Stock Down 1.1%

Shares of NYSE:DHR opened at $228.87 on Friday. The stock’s 50-day moving average price is $214.04 and its two-hundred day moving average price is $195.97. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. 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 $160.89 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 2.91 and a beta of 0.76.

Danaher (NYSE:DHR) last issued its earnings results on Monday, July 20th. The conglomerate reported $1.94 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 for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Announces Dividend

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