Scratch Capital LLC Buys New Shares in Danaher Corporation $DHR
by Scott Moore · The Cerbat GemScratch Capital LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,801 shares of the conglomerate’s stock, valued at approximately $555,000.
Several other large investors have also made changes to their positions in DHR. Revolve Wealth Partners LLC grew its position in Danaher by 8.2% during the third quarter. Revolve Wealth Partners LLC now owns 1,823 shares of the conglomerate’s stock valued at $361,000 after acquiring an additional 138 shares during the period. True North Advisors LLC acquired a new position in shares of Danaher in the 3rd quarter valued at about $233,000. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Danaher in the 3rd quarter valued at about $209,000. Parcion Private Wealth LLC grew its holdings in shares of Danaher by 8.1% during the 3rd quarter. Parcion Private Wealth LLC now owns 1,294 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 97 shares during the period. Finally, OFI Invest Asset Management increased its position in Danaher by 31.7% during the 3rd quarter. OFI Invest Asset Management now owns 661 shares of the conglomerate’s stock worth $131,000 after purchasing an additional 159 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.
Danaher Stock Performance
DHR stock opened at $230.96 on Wednesday. The firm has a market cap of $163.14 billion, a P/E ratio of 47.62, a P/E/G ratio of 4.42 and a beta of 0.89. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $258.23. The stock’s 50 day simple moving average is $221.32 and its 200 day simple moving average is $207.61. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33.
Danaher (NYSE:DHR – Get Free Report) last posted its quarterly earnings results on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the business posted $1.71 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Danaher Corporation will post 7.63 EPS for the current year.
Danaher Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s payout ratio is 26.39%.
Insiders Place Their Bets
In other news, SVP Brian W. Ellis sold 21,776 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $219.23, for a total transaction of $4,773,952.48. Following the completion of the transaction, the senior vice president directly owned 14,553 shares in the company, valued at approximately $3,190,454.19. The trade was a 59.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Georgeann Couchara sold 5,174 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $210.42, for a total value of $1,088,713.08. Following the completion of the transaction, the senior vice president directly owned 2,625 shares of the company’s stock, valued at approximately $552,352.50. The trade was a 66.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,248 shares of company stock worth $6,609,663. Insiders own 11.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Monday. Bank of America dropped their target price on Danaher from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Redburn Partners set a $220.00 price target on Danaher in a report on Wednesday, October 8th. Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Robert W. Baird set a $247.00 target price on shares of Danaher in a research report on Wednesday, October 22nd. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.25.
Danaher Company Profile
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.
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