Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Danaher Co. (NYSE:DHR)

Wealth Enhancement Advisory Services LLC raised its holdings in Danaher Co. (NYSE:DHR) by 4.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 40,667 shares of the conglomerate’s stock after acquiring an additional 1,658 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Danaher were worth $9,233,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Danaher in the fourth quarter worth $1,633,545,000. Edgewood Management LLC increased its holdings in Danaher by 109.5% in the 4th quarter. Edgewood Management LLC now owns 8,359,799 shares of the conglomerate’s stock worth $1,857,046,000 after buying an additional 4,368,967 shares during the period. Jennison Associates LLC increased its holdings in Danaher by 58.4% in the 1st quarter. Jennison Associates LLC now owns 5,296,974 shares of the conglomerate’s stock worth $1,192,243,000 after buying an additional 1,952,233 shares during the period. BlackRock Inc. lifted its stake in Danaher by 3.7% during the 4th quarter. BlackRock Inc. now owns 45,709,313 shares of the conglomerate’s stock valued at $10,153,866,000 after acquiring an additional 1,646,434 shares during the period. Finally, D1 Capital Partners L.P. lifted its position in Danaher by 88.2% during the fourth quarter. D1 Capital Partners L.P. now owns 2,582,346 shares of the conglomerate’s stock valued at $573,642,000 after purchasing an additional 1,210,565 shares during the period. 77.57% of the stock is currently owned by institutional investors.

In other news, EVP Joakim Weidemanis sold 17,169 shares of the firm’s stock in a transaction that occurred on Tuesday, April 27th. The shares were sold at an average price of $258.76, for a total transaction of $4,442,650.44. Following the completion of the sale, the executive vice president now owns 84,420 shares in the company, valued at approximately $21,844,519.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela S. Lalor sold 3,092 shares of Danaher stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $255.79, for a total transaction of $790,902.68. Following the sale, the senior vice president now directly owns 30,937 shares in the company, valued at approximately $7,913,375.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,165 shares of company stock valued at $9,051,818. 11.40% of the stock is owned by company insiders.

A number of equities analysts have weighed in on DHR shares. Jefferies Financial Group lifted their price objective on Danaher from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, April 23rd. Wells Fargo & Company lifted their target price on shares of Danaher from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, April 23rd. Citigroup increased their price target on shares of Danaher from $275.00 to $315.00 in a report on Friday, April 23rd. Barclays lifted their price objective on shares of Danaher from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, April 26th. Finally, Royal Bank of Canada upped their price objective on shares of Danaher from $253.00 to $285.00 and gave the stock a “sector perform” rating in a research report on Friday, April 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $265.63.

Shares of Danaher stock traded up $0.97 during trading hours on Friday, reaching $247.23. 53,151 shares of the company’s stock were exchanged, compared to its average volume of 2,557,610. The firm has a fifty day moving average price of $247.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.70. The stock has a market capitalization of $176.34 billion, a P/E ratio of 38.98, a P/E/G ratio of 1.50 and a beta of 0.69. Danaher Co. has a 1 year low of $164.51 and a 1 year high of $261.43.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Wednesday, April 21st. The conglomerate reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.85. Danaher had a net margin of 19.17% and a return on equity of 16.34%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the prior year, the company earned $1.05 EPS. Danaher’s revenue was up 58.2% compared to the same quarter last year. As a group, research analysts anticipate that Danaher Co. will post 8.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Friday, June 25th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Thursday, June 24th. Danaher’s dividend payout ratio is currently 13.31%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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