Danaher Corporation $DHR Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its stake in Danaher Corporation (NYSE:DHR) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 234,751 shares of the conglomerate’s stock after purchasing an additional 6,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Danaher were worth $46,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hardy Reed LLC raised its position in shares of Danaher by 8.2% in the 2nd quarter. Hardy Reed LLC now owns 8,184 shares of the conglomerate’s stock worth $1,617,000 after buying an additional 621 shares during the period. Spear Holdings RSC Ltd increased its stake in Danaher by 50.6% during the second quarter. Spear Holdings RSC Ltd now owns 409,384 shares of the conglomerate’s stock worth $80,870,000 after acquiring an additional 137,484 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Danaher by 1.7% in the 2nd quarter. Capital Advisors Inc. OK now owns 174,322 shares of the conglomerate’s stock worth $34,435,000 after purchasing an additional 2,996 shares during the period. Red Tortoise LLC lifted its stake in shares of Danaher by 175.0% in the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 98 shares in the last quarter. Finally, Duncan Williams Asset Management LLC grew its holdings in shares of Danaher by 4.1% during the 2nd quarter. Duncan Williams Asset Management LLC now owns 2,510 shares of the conglomerate’s stock worth $496,000 after purchasing an additional 100 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHR has been the topic of several research reports. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Scotiabank raised shares of Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 target price on the stock in a research note on Friday, July 11th. Bank of America decreased their price target on shares of Danaher from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Evercore ISI lowered their price target on Danaher from $230.00 to $226.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. Finally, UBS Group reduced their price objective on Danaher from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.91.

Insider Activity

In related news, Director Teri List sold 2,778 shares of Danaher stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the completion of the sale, the director owned 20,751 shares in the company, valued at approximately $4,379,706.06. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is currently owned by insiders.

Danaher Stock Performance

Shares of DHR stock opened at $211.65 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.22. The company’s fifty day moving average price is $200.36 and its two-hundred day moving average price is $197.24. The firm has a market capitalization of $151.55 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.06 and a beta of 0.77. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $279.41.

Danaher (NYSE:DHR) last announced its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.16. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the firm earned $1.72 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, research analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, September 26th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, September 26th. This represents a $1.28 annualized dividend and a yield of 0.6%. Danaher’s payout ratio is currently 27.23%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.