Teacher Retirement System of Texas Has $17.92 Million Stock Holdings in Danaher Corporation $DHR

Teacher Retirement System of Texas decreased its stake in shares of Danaher Corporation (NYSE:DHR) by 45.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 90,372 shares of the conglomerate’s stock after selling 75,304 shares during the quarter. Teacher Retirement System of Texas’ holdings in Danaher were worth $17,917,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. WFA of San Diego LLC bought a new stake in shares of Danaher during the second quarter worth approximately $26,000. Howard Hughes Medical Institute acquired a new stake in Danaher during the 2nd quarter worth approximately $27,000. TruNorth Capital Management LLC bought a new stake in Danaher in the 3rd quarter valued at $28,000. Red Tortoise LLC grew its holdings in Danaher by 175.0% in the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock valued at $30,000 after buying an additional 98 shares in the last quarter. Finally, Tripletail Wealth Management LLC bought a new position in Danaher during the 3rd quarter worth $31,000. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

DHR has been the subject of a number of recent research reports. HSBC boosted their target price on shares of Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Wells Fargo & Company boosted their price objective on shares of Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. JPMorgan Chase & Co. raised their target price on shares of Danaher from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Guggenheim boosted their price target on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. Finally, Rothschild & Co Redburn restated a “neutral” rating and set a $220.00 price objective (down previously from $245.00) on shares of Danaher in a research note on Wednesday, October 8th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $252.09.

Insider Transactions at Danaher

In related news, SVP Georgeann Couchara sold 5,174 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $210.42, for a total transaction of $1,088,713.08. Following the completion of the sale, the senior vice president directly owned 2,625 shares in the company, valued at $552,352.50. This represents a 66.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian W. Ellis sold 21,776 shares of Danaher stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $219.23, for a total value of $4,773,952.48. Following the completion of the transaction, the senior vice president owned 14,553 shares in the company, valued at approximately $3,190,454.19. This represents a 59.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 30,248 shares of company stock valued at $6,609,663. Corporate insiders own 11.10% of the company’s stock.

Danaher Stock Performance

NYSE DHR opened at $234.91 on Friday. The firm’s 50 day simple moving average is $230.26 and its 200 day simple moving average is $213.17. The firm has a market capitalization of $165.93 billion, a price-to-earnings ratio of 48.43, a P/E/G ratio of 3.58 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $258.23.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be paid a $0.32 dividend. The ex-dividend date is Friday, December 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. Danaher’s dividend payout ratio (DPR) is presently 26.39%.

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.