Danaher Corporation $DHR Shares Purchased by First County Bank CT

First County Bank CT grew its position in shares of Danaher Corporation (NYSE:DHR) by 581.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,604 shares of the conglomerate’s stock after purchasing an additional 9,047 shares during the quarter. Danaher accounts for 1.0% of First County Bank CT’s portfolio, making the stock its 23rd largest position. First County Bank CT’s holdings in Danaher were worth $2,349,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Main Street Group LTD acquired a new position in Danaher during the first quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new stake in Danaher in the second quarter worth about $25,000. Marquette Asset Management LLC raised its position in Danaher by 192.1% in the third quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Evolution Wealth Management Inc. lifted its holdings in Danaher by 208.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 154 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 104 shares during the last quarter. Finally, Field & Main Bank acquired a new stake in Danaher in the 2nd quarter valued at about $29,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 target price on shares of Danaher in a research note on Wednesday, July 22nd. Guggenheim raised their target price on shares of Danaher from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Finally, Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $235.41.

Danaher Trading Up 1.3%

DHR stock traded up $2.92 during mid-day trading on Tuesday, reaching $224.12. 2,440,239 shares of the stock traded hands, compared to its average volume of 4,441,847. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The stock’s fifty day moving average is $211.85 and its 200-day moving average is $194.88. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The company has a market cap of $157.55 billion, a P/E ratio of 39.82, a P/E/G ratio of 2.74 and a beta of 0.76.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Danaher’s dividend payout ratio is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.