Nisa Investment Advisors LLC Purchases 6,542 Shares of Danaher Corporation $DHR

Nisa Investment Advisors LLC lifted its position in shares of Danaher Corporation (NYSE:DHR) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 205,372 shares of the conglomerate’s stock after purchasing an additional 6,542 shares during the period. Nisa Investment Advisors LLC’s holdings in Danaher were worth $47,080,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors increased its stake in Danaher by 1.9% in the 3rd quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock worth $3,318,926,000 after buying an additional 312,951 shares in the last quarter. Generation Investment Management LLP lifted its position in shares of Danaher by 34.0% in the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after acquiring an additional 1,689,020 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Danaher by 5.0% in the third quarter. Legal & General Group Plc now owns 4,452,118 shares of the conglomerate’s stock valued at $882,677,000 after acquiring an additional 211,053 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Danaher by 0.7% in the third quarter. Fisher Asset Management LLC now owns 4,369,219 shares of the conglomerate’s stock worth $866,241,000 after acquiring an additional 28,583 shares during the period. Finally, Invesco Ltd. grew its position in shares of Danaher by 23.7% during the third quarter. Invesco Ltd. now owns 3,813,128 shares of the conglomerate’s stock worth $755,991,000 after purchasing an additional 729,597 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Insider Buying and Selling at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.20% of the company’s stock.

Danaher Price Performance

NYSE:DHR opened at $189.33 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $133.99 billion, a P/E ratio of 37.57, a P/E/G ratio of 2.49 and a beta of 0.93. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $242.80. The business’s 50-day moving average is $207.36 and its 200 day moving average is $214.61.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 earnings per share. On average, equities research analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is currently 31.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DHR shares. The Goldman Sachs Group decreased their target price on Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. Jefferies Financial Group increased their price objective on shares of Danaher from $255.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Leerink Partners lifted their price objective on shares of Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average target price of $253.55.

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.