MGO One Seven LLC Raises Position in Danaher Corporation $DHR

MGO One Seven LLC grew its holdings in Danaher Corporation (NYSE:DHR) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,761 shares of the conglomerate’s stock after acquiring an additional 6,036 shares during the period. MGO One Seven LLC’s holdings in Danaher were worth $6,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DHR. JPL Wealth Management LLC purchased a new position in Danaher in the third quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new stake in Danaher during the 4th quarter worth about $26,000. WFA of San Diego LLC acquired a new stake in Danaher in the 2nd quarter valued at about $26,000. ANTIPODES PARTNERS Ltd acquired a new stake in Danaher in the 3rd quarter valued at about $27,000. Finally, Financial Life Planners purchased a new position in shares of Danaher in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. The Goldman Sachs Group decreased their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Morgan Stanley lowered their price target on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Guggenheim dropped their price objective on shares of Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Evercore lifted their price objective on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.70.

Danaher Price Performance

Shares of NYSE:DHR opened at $170.98 on Friday. Danaher Corporation has a 12 month low of $170.74 and a 12 month high of $242.80. The firm has a market capitalization of $121.01 billion, a P/E ratio of 33.07, a P/E/G ratio of 2.35 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The company’s fifty day moving average price is $191.25 and its 200 day moving average price is $212.54.

Danaher (NYSE:DHR) last released its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Danaher’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Announces Dividend

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

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

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.