Triad Investment Management Purchases New Stake in Danaher Corporation $DHR

Triad Investment Management acquired a new position in shares of Danaher Corporation (NYSE:DHR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,540 shares of the conglomerate’s stock, valued at approximately $4,931,000. Danaher accounts for about 5.0% of Triad Investment Management’s holdings, making the stock its 6th biggest position.

Several other large investors also recently made changes to their positions in DHR. Sivia Capital Partners LLC lifted its stake in shares of Danaher by 6.3% during the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after purchasing an additional 119 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of Danaher by 698.0% in the second quarter. Edgestream Partners L.P. now owns 24,960 shares of the conglomerate’s stock valued at $4,931,000 after buying an additional 21,832 shares in the last quarter. Claret Asset Management Corp purchased a new stake in shares of Danaher during the 2nd quarter valued at about $231,000. Blueshift Asset Management LLC acquired a new position in Danaher during the 2nd quarter worth approximately $333,000. Finally, Groupe la Francaise lifted its position in Danaher by 363.2% during the 2nd quarter. Groupe la Francaise now owns 120,835 shares of the conglomerate’s stock worth $23,786,000 after acquiring an additional 94,750 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Performance

Shares of DHR opened at $190.88 on Thursday. The firm has a market cap of $135.08 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.57 and a beta of 0.93. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $206.34 and its two-hundred day moving average is $214.45. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80.

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

Danaher Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 annualized dividend and a yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio (DPR) is 31.75%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Guggenheim increased their price objective on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. The Goldman Sachs Group decreased their target price on shares of Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Evercore reaffirmed an “outperform” rating and set a $254.00 price target on shares of Danaher in a research note on Wednesday, January 28th. Finally, KeyCorp reiterated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.55.

Insider Buying and Selling at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the sale, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Danaher Company Profile

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.