2,796 Danaher Corporation $DHR Shares Acquired by Willow Creek Capital Management Inc.

Willow Creek Capital Management Inc. boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 122.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,072 shares of the conglomerate’s stock after purchasing an additional 2,796 shares during the quarter. Danaher makes up approximately 1.1% of Willow Creek Capital Management Inc.’s holdings, making the stock its 28th largest position. Willow Creek Capital Management Inc.’s holdings in Danaher were worth $1,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DHR. BlackRock Inc. acquired a new stake in Danaher in the second quarter worth $10,492,520,000. Wellington Management Group LLP boosted its holdings in shares of Danaher by 10.4% during the second quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock valued at $3,108,031,000 after acquiring an additional 1,542,310 shares during the period. Jupiter Topco LLC acquired a new position in shares of Danaher during the second quarter valued at $1,456,317,000. Generation Investment Management LLP acquired a new position in shares of Danaher during the second quarter valued at $1,287,949,000. Finally, Bank of America Corp DE bought a new position in shares of Danaher during the second quarter worth about $993,846,000. 79.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DHR. Guggenheim increased their price objective on shares of Danaher from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. TD Cowen lifted their price objective on shares of Danaher from $236.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Danaher from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, October 5th. UBS Group assumed coverage on shares of Danaher in a research report on Wednesday, September 9th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Evercore restated an “outperform” rating and issued a $230.00 price target on shares of Danaher in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average price target of $235.41.

Danaher Stock Performance

Danaher stock traded down $2.63 during mid-day trading on Friday, hitting $228.87. 3,516,366 shares of the company’s stock traded hands, compared to its average volume of 4,667,069. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The firm has a 50 day moving average price of $214.04 and a 200 day moving average price of $195.97. The company has a market cap of $160.89 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th 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 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s payout ratio is currently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.