Danaher Co. (NYSE:DHR) Shares Purchased by Bank of Hawaii

Bank of Hawaii increased its holdings in shares of Danaher Co. (NYSE:DHR) by 23.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,348 shares of the conglomerate’s stock after acquiring an additional 2,763 shares during the quarter. Bank of Hawaii’s holdings in Danaher were worth $3,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CreativeOne Wealth LLC acquired a new stake in Danaher during the first quarter worth $250,000. Mount Yale Investment Advisors LLC increased its position in shares of Danaher by 84.3% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,836 shares of the conglomerate’s stock worth $459,000 after purchasing an additional 840 shares during the last quarter. Ascent Group LLC raised its holdings in Danaher by 7.8% in the 1st quarter. Ascent Group LLC now owns 1,693 shares of the conglomerate’s stock valued at $423,000 after buying an additional 123 shares during the period. Waverly Advisors LLC lifted its position in Danaher by 251.1% in the first quarter. Waverly Advisors LLC now owns 8,774 shares of the conglomerate’s stock valued at $2,191,000 after buying an additional 6,275 shares during the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in Danaher during the first quarter worth about $8,845,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of Danaher from $333.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Raymond James decreased their price target on Danaher from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their price target on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Wolfe Research raised Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 target price for the company in a research report on Thursday, October 31st. Finally, KeyCorp increased their price target on shares of Danaher from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.16.

Danaher Stock Up 0.3 %

DHR stock opened at $235.84 on Monday. Danaher Co. has a twelve month low of $215.68 and a twelve month high of $281.70. The stock has a market cap of $170.34 billion, a P/E ratio of 45.01, a PEG ratio of 4.34 and a beta of 0.85. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $258.15 and its two-hundred day moving average is $260.03.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, topping the consensus estimate of $1.57 by $0.14. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 earnings per share. Research analysts expect that Danaher Co. will post 7.5 earnings per share for the current fiscal year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Friday, September 27th. Danaher’s payout ratio is currently 20.61%.

About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.