Danaher Corporation $DHR Shares Newly Acquired by Ballew Advisors Inc

Ballew Advisors Inc purchased a new position in Danaher Corporation (NYSE:DHR) during the 3rd quarter, Holdings Channel reports. The fund purchased 5,750 shares of the conglomerate’s stock, valued at approximately $1,274,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Danaher in the 2nd quarter worth about $10,492,520,000. State Street Corp raised its stake in shares of Danaher by 1.7% during the fourth quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock valued at $6,345,529,000 after acquiring an additional 472,608 shares in the last quarter. Capital International Investors boosted its holdings in shares of Danaher by 8.9% in the fourth quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock valued at $4,177,386,000 after purchasing an additional 1,487,768 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Danaher by 10.4% in the second quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock valued at $3,108,031,000 after purchasing an additional 1,542,310 shares during the period. Finally, Jupiter Topco LLC bought a new position in Danaher in the second quarter worth approximately $1,456,317,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Danaher from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Piper Sandler assumed coverage on Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price target on the stock. Wells Fargo & Company cut their price target on Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. UBS Group initiated coverage on Danaher in a report on Wednesday, September 9th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Evercore reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Danaher in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.09.

Danaher Stock Up 3.2%

Danaher stock traded up $6.82 during mid-day trading on Monday, reaching $220.88. 3,093,258 shares of the company were exchanged, compared to its average volume of 4,466,791. The business has a fifty day moving average of $209.20 and a 200 day moving average of $193.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The firm has a market cap of $155.28 billion, a P/E ratio of 39.23, a PEG ratio of 2.67 and a beta of 0.76. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80.

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

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Danaher’s dividend payout ratio (DPR) is presently 28.42%.

Danaher Company Profile

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.