XTX Topco Ltd Makes New Investment in Danaher Co. (NYSE:DHR)

XTX Topco Ltd acquired a new stake in shares of Danaher Co. (NYSE:DHR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,829 shares of the conglomerate's stock, valued at approximately $420,000.

Several other institutional investors also recently bought and sold shares of DHR. Howard Capital Management Group LLC raised its stake in shares of Danaher by 4.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,229 shares of the conglomerate's stock worth $342,000 after buying an additional 48 shares in the last quarter. Tudor Financial Inc. acquired a new stake in shares of Danaher during the 3rd quarter valued at approximately $414,000. Anchor Investment Management LLC increased its stake in Danaher by 1.3% in the 3rd quarter. Anchor Investment Management LLC now owns 6,039 shares of the conglomerate's stock valued at $1,679,000 after purchasing an additional 78 shares in the last quarter. World Investment Advisors LLC boosted its position in Danaher by 5.3% during the third quarter. World Investment Advisors LLC now owns 12,948 shares of the conglomerate's stock worth $3,600,000 after purchasing an additional 648 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new position in shares of Danaher in the third quarter valued at $254,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Brian W. Ellis sold 5,700 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total value of $1,277,541.00. Following the sale, the senior vice president now owns 20,230 shares in the company, valued at approximately $4,534,149.90. The trade was a 21.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on DHR. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 target price on shares of Danaher in a report on Wednesday. Raymond James reaffirmed a "market perform" rating on shares of Danaher in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on Danaher from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday. Stifel Nicolaus raised Danaher from a "hold" rating to a "buy" rating and set a $260.00 price objective on the stock in a research note on Friday, March 14th. Finally, Robert W. Baird decreased their price objective on shares of Danaher from $231.00 to $225.00 and set an "outperform" rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $264.40.

Danaher Stock Up 0.4 %

NYSE:DHR traded up $0.87 during trading hours on Friday, hitting $197.37. 2,608,666 shares of the company's stock traded hands, compared to its average volume of 3,352,400. Danaher Co. has a twelve month low of $171.00 and a twelve month high of $281.70. The stock's fifty day moving average price is $200.87 and its two-hundred day moving average price is $224.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40. The firm has a market cap of $141.06 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.66 and a beta of 0.86.

Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.26. The company had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.58 billion. Danaher had a return on equity of 10.82% and a net margin of 16.33%. On average, research analysts expect that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a dividend of $0.32 per share. This is an increase from Danaher's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.65%. Danaher's payout ratio is presently 24.85%.

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.