Shepherd Financial Partners LLC Acquires 318 Shares of Danaher Co. (NYSE:DHR)

Shepherd Financial Partners LLC boosted its position in shares of Danaher Co. (NYSE:DHR) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,099 shares of the conglomerate’s stock after acquiring an additional 318 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Danaher were worth $2,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHR. CarsonAllaria Wealth Management Ltd. bought a new stake in Danaher during the second quarter worth $25,000. nVerses Capital LLC bought a new stake in Danaher during the second quarter worth $25,000. MFA Wealth Advisors LLC bought a new stake in Danaher during the second quarter worth $51,000. Financial Connections Group Inc. bought a new stake in Danaher during the second quarter worth $51,000. Finally, Western Pacific Wealth Management LP bought a new stake in Danaher during the first quarter worth $55,000. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their price objective on shares of Danaher from $275.00 to $278.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group raised their price objective on shares of Danaher from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. TD Cowen raised their price target on shares of Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. UBS Group lowered their price target on shares of Danaher from $309.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and set a $315.00 price target on shares of Danaher in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.16.

Danaher Stock Performance

Shares of NYSE:DHR traded up $2.87 during midday trading on Friday, reaching $248.53. 872,499 shares of the company traded hands, compared to its average volume of 2,744,188. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 0.32. Danaher Co. has a 12 month low of $190.95 and a 12 month high of $281.70. The firm has a market capitalization of $179.51 billion, a price-to-earnings ratio of 47.55, a price-to-earnings-growth ratio of 4.45 and a beta of 0.83. The firm’s fifty day moving average price is $267.38 and its two-hundred day moving average price is $260.32.

Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the company posted $2.02 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Danaher Co. will post 7.51 earnings per share for the current year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, September 27th. Danaher’s payout ratio is 20.61%.

Insider Buying and Selling

In other news, SVP Georgeann Couchara sold 952 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $268.37, for a total value of $255,488.24. Following the completion of the transaction, the senior vice president now directly owns 4,212 shares in the company, valued at approximately $1,130,374.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is owned by company insiders.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.