Shepherd Financial Partners LLC Acquires 318 Shares of Danaher Co. (NYSE:DHR)

Shepherd Financial Partners LLC raised its holdings in shares of Danaher Co. (NYSE:DHR) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,099 shares of the conglomerate’s stock after purchasing an additional 318 shares during the period. Shepherd Financial Partners LLC’s holdings in Danaher were worth $2,530,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DHR. CarsonAllaria Wealth Management Ltd. bought a new position in Danaher during the 2nd quarter valued at approximately $25,000. nVerses Capital LLC bought a new stake in Danaher during the second quarter valued at about $25,000. MFA Wealth Advisors LLC bought a new stake in Danaher during the second quarter valued at about $51,000. Financial Connections Group Inc. bought a new stake in Danaher during the second quarter valued at about $51,000. Finally, Western Pacific Wealth Management LP bought a new stake in Danaher during the first quarter valued at about $55,000. Institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $315.00 target price on shares of Danaher in a report on Wednesday, October 23rd. Leerink Partners increased their price objective on Danaher from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Robert W. Baird dropped their price objective on Danaher from $278.00 to $277.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. UBS Group lowered their target price on Danaher from $309.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, TD Cowen upped their target price on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.16.

Danaher Stock Performance

Shares of Danaher stock traded up $2.87 during trading hours on Friday, reaching $248.53. The company’s stock had a trading volume of 872,499 shares, compared to its average volume of 2,744,188. The stock has a market cap of $179.51 billion, a P/E ratio of 47.55, a price-to-earnings-growth ratio of 4.45 and a beta of 0.83. The company’s 50 day simple moving average is $267.38 and its 200 day simple moving average is $260.32. Danaher Co. has a one year low of $190.95 and a one year high of $281.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.14. Danaher had a net margin of 16.39% and a return on equity of 10.62%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period last year, the firm posted $2.02 EPS. Danaher’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Danaher Co. will post 7.51 EPS for the current fiscal year.

Danaher Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.43%. Danaher’s dividend payout ratio (DPR) is 20.61%.

Insiders Place Their Bets

In other news, SVP Georgeann Couchara sold 952 shares of Danaher stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $268.37, for a total value of $255,488.24. Following the transaction, the senior vice president now owns 4,212 shares of the company’s stock, valued at $1,130,374.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 11.10% of the stock is owned by insiders.

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.