UniSuper Management Pty Ltd Trims Position in Danaher Corporation $DHR

UniSuper Management Pty Ltd lessened its stake in shares of Danaher Corporation (NYSE:DHR) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,672 shares of the conglomerate’s stock after selling 9,619 shares during the period. UniSuper Management Pty Ltd’s holdings in Danaher were worth $36,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Canopy Partners LLC raised its holdings in shares of Danaher by 9.6% during the 4th quarter. Canopy Partners LLC now owns 2,605 shares of the conglomerate’s stock worth $596,000 after acquiring an additional 229 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Danaher by 0.7% during the 4th quarter. IFM Investors Pty Ltd now owns 129,510 shares of the conglomerate’s stock worth $29,647,000 after acquiring an additional 847 shares during the period. SmartHarvest Portfolios LLC purchased a new position in shares of Danaher during the 4th quarter worth $580,000. Lyell Wealth Management LP raised its holdings in shares of Danaher by 6.1% during the 4th quarter. Lyell Wealth Management LP now owns 2,436 shares of the conglomerate’s stock worth $558,000 after acquiring an additional 140 shares during the period. Finally, Primecap Management Co. CA raised its holdings in shares of Danaher by 2.1% during the 4th quarter. Primecap Management Co. CA now owns 1,480,720 shares of the conglomerate’s stock worth $338,966,000 after acquiring an additional 30,800 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHR. Wolfe Research lowered Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. DZ Bank assumed coverage on Danaher in a report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target on the stock. Evercore raised their price objective on Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. UBS Group cut their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $245.00 price objective on shares of Danaher in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.61.

Danaher Stock Performance

NYSE DHR opened at $180.65 on Friday. The company has a market cap of $127.86 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The stock has a 50-day moving average of $181.15 and a two-hundred day moving average of $204.96. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80.

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

Danaher Announces Dividend

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

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.