Danaher Co. (NYSE:DHR) Shares Bought by abrdn plc

abrdn plc grew its stake in shares of Danaher Co. (NYSE:DHR) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,085,291 shares of the conglomerate’s stock after buying an additional 41,835 shares during the period. abrdn plc owned 0.15% of Danaher worth $248,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DHR. Heck Capital Advisors LLC acquired a new stake in Danaher in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Danaher in the fourth quarter valued at about $31,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Danaher during the 3rd quarter valued at about $39,000. MidAtlantic Capital Management Inc. acquired a new position in Danaher during the 3rd quarter worth approximately $40,000. Finally, FSA Wealth Management LLC purchased a new position in Danaher in the 3rd quarter worth approximately $50,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DHR. Barclays dropped their price objective on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Citigroup decreased their price objective on shares of Danaher from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus raised their target price on Danaher from $250.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. UBS Group cut their price target on Danaher from $309.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lowered their price objective on Danaher from $277.00 to $268.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Activity at Danaher

In other news, SVP Brian W. Ellis sold 5,700 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the transaction, the senior vice president now owns 20,230 shares in the company, valued at $4,534,149.90. This represents a 21.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.90% of the company’s stock.

Danaher Price Performance

NYSE DHR opened at $214.09 on Tuesday. The stock has a market capitalization of $154.64 billion, a P/E ratio of 40.55, a P/E/G ratio of 2.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40. The business’s fifty day moving average is $235.40 and its two-hundred day moving average is $253.09. Danaher Co. has a 1 year low of $214.03 and a 1 year high of $281.70.

Danaher (NYSE:DHR) last released its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, hitting the consensus estimate of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same period in the prior year, the company earned $2.09 EPS. On average, research analysts forecast that Danaher Co. will post 7.77 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, December 27th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, December 27th. Danaher’s dividend payout ratio (DPR) is currently 20.45%.

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.