Swedbank AB Acquires 42,695 Shares of Danaher Corporation $DHR

Swedbank AB increased its stake in Danaher Corporation (NYSE:DHR) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,009,051 shares of the conglomerate’s stock after purchasing an additional 42,695 shares during the period. Swedbank AB’s holdings in Danaher were worth $230,992,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. JPL Wealth Management LLC bought a new position in shares of Danaher in the 3rd quarter worth $25,000. Elevated Capital Advisors LLC purchased a new position in Danaher in the fourth quarter worth $26,000. WFA of San Diego LLC bought a new position in Danaher in the second quarter valued at $26,000. ANTIPODES PARTNERS Ltd purchased a new stake in Danaher during the third quarter valued at about $27,000. Finally, Financial Life Planners purchased a new stake in Danaher during the third quarter valued at about $32,000. 79.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DHR shares. Evercore upped their price objective on Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Wolfe Research dropped their target price on Danaher from $260.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. TD Cowen reduced their price target on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Danaher has an average rating of “Moderate Buy” and a consensus target price of $240.70.

Danaher Stock Up 0.4%

DHR opened at $174.69 on Wednesday. Danaher Corporation has a 12 month low of $172.34 and a 12 month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $192.65 and its 200-day moving average price is $213.03. The company has a market cap of $123.64 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.33 and a beta of 0.81.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the business posted $1.88 EPS. Danaher’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

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

About Danaher

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.