QRG Capital Management Inc. Raises Holdings in Danaher Corporation $DHR

QRG Capital Management Inc. boosted its stake in Danaher Corporation (NYSE:DHR) by 194.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,542 shares of the conglomerate’s stock after buying an additional 115,833 shares during the quarter. QRG Capital Management Inc.’s holdings in Danaher were worth $33,437,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Main Street Group LTD acquired a new position in shares of Danaher in the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Danaher in the second quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Danaher during the fourth quarter valued at $27,000. Clal Insurance Enterprises Holdings Ltd increased its position in Danaher by 71.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its stake 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 purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHR. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of Danaher in a research note on Wednesday, July 22nd. UBS Group initiated coverage on shares of Danaher in a research report on Wednesday, September 9th. They issued a “buy” rating and a $250.00 price objective for the company. Weiss Ratings raised Danaher from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Stifel Nicolaus lowered their price target on Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Citigroup started coverage on shares of Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $229.32.

Danaher Trading Up 0.3%

Shares of DHR stock traded up $0.71 on Wednesday, reaching $221.80. 3,166,569 shares of the stock were exchanged, compared to its average volume of 4,460,147. The stock has a market cap of $155.92 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $204.84 and a two-hundred day moving average of $192.15. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm 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 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Announces Dividend

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s dividend payout ratio (DPR) is 28.42%.

Danaher Company Profile

Danaher Corporation (NYSE:DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its businesses support pharmaceutical and biotechnology research, biomanufacturing, clinical laboratories and healthcare providers.

The company’s portfolio includes bioprocessing technologies, laboratory instruments, consumables, reagents and software. Key businesses include Cytiva, which provides biomanufacturing solutions; Beckman Coulter, which supplies laboratory diagnostics and automation systems; Leica Biosystems, which develops pathology products; and IDT, which provides genomic and nucleic acid products.