Jupiter Asset Management Ltd. Has $59.04 Million Stake in Danaher Corporation $DHR

Jupiter Asset Management Ltd. lessened its position in Danaher Corporation (NYSE:DHR) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 257,913 shares of the conglomerate’s stock after selling 9,254 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Danaher were worth $59,041,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Enterprise Financial Services Corp boosted its stake in shares of Danaher by 1.4% during the fourth quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock valued at $737,000 after purchasing an additional 46 shares in the last quarter. Kennebec Savings Bank increased its stake in shares of Danaher by 1.4% in the fourth quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate’s stock valued at $766,000 after buying an additional 46 shares during the period. Revolve Wealth Partners LLC raised its holdings in Danaher by 2.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock valued at $428,000 after buying an additional 47 shares during the last quarter. High Note Wealth LLC boosted its position in Danaher by 19.2% during the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate’s stock worth $67,000 after buying an additional 47 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in Danaher by 0.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate’s stock worth $3,057,000 after acquiring an additional 48 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Danaher Trading Up 4.2%

Shares of DHR stock opened at $180.47 on Friday. The company has a market cap of $127.73 billion, a P/E ratio of 34.91, a PEG ratio of 2.31 and a beta of 0.81. The stock has a 50 day simple moving average of $182.29 and a two-hundred day simple moving average of $207.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts forecast that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DHR shares. Robert W. Baird dropped their price target on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Wall Street Zen downgraded Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wolfe Research reduced their price target on Danaher from $260.00 to $230.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group decreased their price target on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and an average price target of $238.24.

Danaher 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.