Lighthouse Financial Services Inc. ADV Purchases Shares of 7,953 Danaher Corporation $DHR

Lighthouse Financial Services Inc. ADV purchased a new stake in shares of Danaher Corporation (NYSE:DHR) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,953 shares of the conglomerate’s stock, valued at approximately $1,821,000.

A number of other large investors have also made changes to their positions in DHR. Viking Global Investors LP grew its stake in shares of Danaher by 543.9% during the 2nd quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock valued at $574,351,000 after purchasing an additional 2,455,994 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Danaher by 104.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock valued at $991,923,000 after purchasing an additional 2,216,789 shares during the period. Generation Investment Management LLP grew its stake in shares of Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Danaher by 211.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock valued at $414,038,000 after purchasing an additional 1,418,243 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Danaher by 33.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock valued at $697,680,000 after purchasing an additional 891,210 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Danaher Stock Performance

DHR opened at $170.98 on Friday. The company has a 50 day simple moving average of $191.25 and a two-hundred day simple moving average of $212.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. Danaher Corporation has a 1-year low of $170.74 and a 1-year high of $242.80. The firm has a market cap of $121.01 billion, a P/E ratio of 33.07, a PEG ratio of 2.35 and a beta of 0.81.

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

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

Insider Buying and Selling

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on DHR shares. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a research report on Thursday, January 29th. Wall Street Zen cut Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Leerink Partners lifted their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Finally, UBS Group lowered their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Eighteen 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 stock has a consensus rating of “Moderate Buy” and an average target price of $240.70.

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.