Generate Investment Management Ltd Invests $8.04 Million in Danaher Co. (NYSE:DHR)

Generate Investment Management Ltd bought a new stake in shares of Danaher Co. (NYSE:DHR) during the 4th quarter, Holdings Channel.com reports. The firm bought 35,043 shares of the conglomerate’s stock, valued at approximately $8,044,000.

A number of other institutional investors have also recently added to or reduced their stakes in DHR. Golden State Wealth Management LLC acquired a new position in shares of Danaher during the fourth quarter worth about $31,000. Lecap Asset Management Ltd. acquired a new position in Danaher during the 4th quarter worth approximately $2,891,000. Live Oak Private Wealth LLC boosted its holdings in Danaher by 5.2% in the 4th quarter. Live Oak Private Wealth LLC now owns 43,789 shares of the conglomerate’s stock worth $10,052,000 after acquiring an additional 2,151 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Danaher by 3.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,180 shares of the conglomerate’s stock valued at $18,635,000 after acquiring an additional 2,890 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Danaher during the fourth quarter valued at approximately $31,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of the firm’s stock in a transaction that occurred 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 trade represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. UBS Group lowered their target price on Danaher from $309.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. TD Cowen boosted their price target on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Raymond James reissued a “market perform” rating on shares of Danaher in a report on Monday, February 3rd. Finally, Bank of America raised Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Friday, December 13th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Danaher has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Danaher Trading Down 1.5 %

Shares of NYSE DHR opened at $206.92 on Friday. Danaher Co. has a 12-month low of $205.79 and a 12-month high of $281.70. The company has a market cap of $149.45 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $233.38 and its 200 day simple moving average is $252.10.

Danaher (NYSE:DHR) last posted its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same period in the previous year, the business earned $2.09 EPS. Equities research analysts expect that Danaher Co. will post 7.77 EPS for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, December 27th. Danaher’s payout ratio is currently 20.45%.

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.