McGlone Suttner Lifts Danaher Stake by 528.6%
McGlone Suttner Wealth Management added 9,938 Danaher shares in the third quarter, raising its position by 528.6% to 11,818 shares valued at $2.62 million. Analysts have a Moderate Buy consensus on Danaher with an average price target of $235.41. The company reported quarterly EPS of $1.94, above estimates, and revenue of $6.26 billion, up 5.5% year over year.
McGlone Suttner Wealth Management's third-quarter filing shows it bought 9,938 Danaher shares, expanding its holding by 528.6% to 11,818 shares. That stake was worth $2.62 million at quarter-end. Institutions as a whole control 79.05% of Danaher.
Danaher's latest quarter brought earnings per share of $1.94, ahead of the $1.85 estimate, and revenue of $6.26 billion, up 5.5% from a year earlier. It declared a $0.40 quarterly dividend, a 0.7% annualized yield. Analysts' average target is $235.41, with ratings mostly Buy.
The increased institutional position and positive analyst sentiment may affect individual investors, pension funds, and employees with retirement exposure to Danaher. Stronger earnings and dividend could support confidence among shareholders, while any future performance shifts may influence healthcare and life-sciences customers indirectly.