River Street Advisors LLC Buys 354 Shares of Danaher Corporation $DHR

River Street Advisors LLC increased its stake in Danaher Corporation (NYSE:DHR) by 12.8% during the second quarter, Holdings Channel reports. The firm owned 3,110 shares of the conglomerate’s stock after acquiring an additional 354 shares during the period. River Street Advisors LLC’s holdings in Danaher were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Abacus Planning Group Inc. grew its stake in Danaher by 5.7% during the second quarter. Abacus Planning Group Inc. now owns 5,710 shares of the conglomerate’s stock worth $1,128,000 after buying an additional 307 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Danaher during the 2nd quarter worth approximately $319,000. OLD Second National Bank of Aurora increased its stake in Danaher by 0.5% in the second quarter. OLD Second National Bank of Aurora now owns 11,891 shares of the conglomerate’s stock valued at $2,349,000 after acquiring an additional 56 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Danaher by 10.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,496 shares of the conglomerate’s stock valued at $20,642,000 after purchasing an additional 9,663 shares in the last quarter. Finally, Tower View Wealth Management LLC lifted its stake in Danaher by 428.2% during the second quarter. Tower View Wealth Management LLC now owns 1,199 shares of the conglomerate’s stock worth $237,000 after purchasing an additional 972 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $241.00 price target on Danaher in a research note on Tuesday, September 2nd. Bank of America dropped their target price on shares of Danaher from $230.00 to $220.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Robert W. Baird lifted their price target on shares of Danaher from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Danaher from $240.00 to $235.00 in a report on Thursday, June 5th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.91.

Danaher Stock Performance

NYSE DHR opened at $210.64 on Friday. The company has a market capitalization of $150.83 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 3.03 and a beta of 0.77. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $279.41. The stock has a fifty day simple moving average of $200.00 and a 200 day simple moving average of $197.40.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.16. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.83 billion. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 EPS. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Sell-side analysts expect that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, September 26th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, September 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s dividend payout ratio is 27.23%.

Insiders Place Their Bets

In related news, Director Teri List sold 2,778 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the transaction, the director owned 20,751 shares in the company, valued at $4,379,706.06. The trade was a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.10% of the stock is owned by corporate insiders.

Danaher Company 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.