Simplify Asset Management Inc. Boosts Stock Position in Danaher Corporation $DHR

Simplify Asset Management Inc. boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 449.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,416 shares of the conglomerate’s stock after acquiring an additional 36,337 shares during the quarter. Danaher comprises 0.2% of Simplify Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Simplify Asset Management Inc.’s holdings in Danaher were worth $10,168,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Enterprise Financial Services Corp boosted its holdings in Danaher by 1.4% during the 4th quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock valued at $737,000 after acquiring an additional 46 shares during the period. Kennebec Savings Bank boosted its holdings in Danaher by 1.4% during the 4th quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate’s stock valued at $766,000 after acquiring an additional 46 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Danaher by 2.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock valued at $428,000 after acquiring an additional 47 shares during the period. High Note Wealth LLC boosted its holdings in Danaher by 19.2% during the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate’s stock valued at $67,000 after acquiring an additional 47 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Danaher by 0.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate’s stock valued at $3,057,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Price Performance

Shares of DHR stock opened at $172.12 on Monday. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The stock has a market capitalization of $121.82 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 2.30 and a beta of 0.81. The stock has a fifty day simple moving average of $183.52 and a two-hundred day simple moving average of $208.70. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33.

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

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 is Friday, June 26th. Danaher’s dividend payout ratio is 30.95%.

Analyst Ratings Changes

DHR has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Evercore upped their target price on Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Royal Bank Of Canada assumed coverage on Danaher in a report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 target price for the company. Rothschild & Co Redburn set a $205.00 target price on Danaher in a report on Friday, April 17th. Finally, The Goldman Sachs Group lowered their target price on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.65.

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.