Danaher Corporation $DHR Stock Bought by Waycross Partners LLC

Waycross Partners LLC lifted its holdings in shares of Danaher Corporation (NYSE:DHR) by 104.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,638 shares of the conglomerate’s stock after acquiring an additional 3,388 shares during the quarter. Waycross Partners LLC’s holdings in Danaher were worth $1,471,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Danaher in the 2nd quarter valued at about $10,492,520,000. Jupiter Topco LLC acquired a new stake in Danaher during the second quarter worth approximately $1,456,317,000. Generation Investment Management LLP acquired a new stake in Danaher during the second quarter worth approximately $1,287,949,000. Bank of America Corp DE bought a new stake in shares of Danaher during the second quarter worth approximately $993,846,000. Finally, Legal & General Group Plc bought a new stake in shares of Danaher during the second quarter worth approximately $801,056,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DHR. Weiss Ratings upgraded Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. DZ Bank downgraded Danaher from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Robert W. Baird upped their price objective on Danaher from $246.00 to $254.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Barclays increased their price objective on Danaher from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Finally, Morgan Stanley lifted their target price on Danaher from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.91.

Danaher Stock Performance

Shares of DHR traded up $4.00 during mid-day trading on Friday, hitting $230.34. 4,061,059 shares of the company’s stock were exchanged, compared to its average volume of 4,502,111. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The stock’s 50-day simple moving average is $220.27 and its 200-day simple moving average is $201.60. The firm has a market cap of $162.05 billion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 2.86 and a beta of 0.76.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Wednesday, October 21st. The conglomerate reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.19. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Danaher had a return on equity of 11.17% and a net margin of 16.91%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. On average, equities research analysts expect that Danaher Corporation will post 8.59 EPS for the current year.

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Danaher’s dividend payout ratio is presently 26.19%.

Insider Activity

In related news, CAO Christopher Bouda sold 7,598 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $234.56, for a total value of $1,782,186.88. Following the transaction, the chief accounting officer owned 9,107 shares in the company, valued at approximately $2,136,137.92. This trade represents a 45.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.80% of the company’s stock.

About Danaher

Danaher is a global science and technology company that develops and supplies products and services for biotechnology, life sciences, and diagnostics markets. Its offerings include instruments, reagents, consumables, software, and services used in research, drug development and manufacturing, and clinical testing.

The company’s businesses include well-known brands such as Cytiva and Pall in bioprocessing and filtration, Beckman Coulter in laboratory and clinical diagnostics, Cepheid in molecular diagnostics, and Leica Microsystems in microscopy.