Stableford Capital II LLC Purchases Shares of 3,413 Danaher Corporation $DHR

Stableford Capital II LLC purchased a new stake in Danaher Corporation (NYSE:DHR) during the 4th quarter, Holdings Channel reports. The firm purchased 3,413 shares of the conglomerate’s stock, valued at approximately $781,000.

Several other institutional investors have also recently modified their holdings of DHR. Norges Bank acquired a new stake in shares of Danaher during the 2nd quarter worth about $1,979,503,000. Viking Global Investors LP lifted its stake in shares of Danaher by 543.9% during the second quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock valued at $574,351,000 after buying an additional 2,455,994 shares during the period. Generation Investment Management LLP lifted its stake in shares of Danaher by 34.0% during the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after buying an additional 1,689,020 shares during the period. Ameriprise Financial Inc. boosted its position in Danaher by 211.7% during the third quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock worth $414,038,000 after acquiring an additional 1,418,243 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Danaher by 33.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock worth $697,680,000 after acquiring an additional 891,210 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHR has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. HSBC raised their price target on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Guggenheim lifted their price target on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Finally, Argus set a $265.00 target price on shares of Danaher in a research report on Wednesday, January 14th. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Insider Activity

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.10% of the stock is owned by insiders.

Danaher Price Performance

DHR stock opened at $188.13 on Friday. The stock has a 50-day moving average price of $210.39 and a two-hundred day moving average price of $214.52. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The company has a market cap of $133.03 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93.

Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $2.14 EPS. As a group, research analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s dividend payout ratio is presently 25.40%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.