Sound View Wealth Advisors Group LLC Boosts Holdings in Danaher Corporation $DHR

Sound View Wealth Advisors Group LLC grew its position in shares of Danaher Corporation (NYSE:DHR) by 112.5% in the second quarter, Holdings Channel reports. The firm owned 3,839 shares of the conglomerate’s stock after purchasing an additional 2,032 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Danaher were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Red Tortoise LLC grew its position in Danaher by 175.0% during the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after buying an additional 98 shares in the last quarter. Ramirez Asset Management Inc. purchased a new stake in shares of Danaher in the 2nd quarter valued at about $40,000. Costello Asset Management INC bought a new stake in shares of Danaher during the 1st quarter valued at about $41,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Danaher by 53.8% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 203 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 71 shares in the last quarter. Finally, Iron Horse Wealth Management LLC bought a new position in shares of Danaher in the first quarter worth approximately $50,000. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Danaher from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $247.00 price objective on shares of Danaher in a research report on Wednesday, October 22nd. UBS Group dropped their price objective on shares of Danaher from $240.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company reissued a “positive” rating on shares of Danaher in a research note on Thursday, October 23rd. Finally, Guggenheim restated a “buy” rating and set a $250.00 price target on shares of Danaher in a research report on Wednesday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average target price of $243.39.

Danaher Stock Performance

NYSE DHR opened at $209.89 on Monday. The company has a 50-day simple moving average of $204.02 and a two-hundred day simple moving average of $200.40. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $258.23. The firm has a market cap of $148.26 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 3.28 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, October 21st. The conglomerate reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, equities analysts forecast that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, September 26th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 26th. Danaher’s dividend payout ratio is 26.39%.

Insider Buying and Selling at Danaher

In other news, Director Teri List sold 2,778 shares of the firm’s stock in a transaction that occurred 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 approximately $4,379,706.06. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.10% of the company’s stock.

About Danaher

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.