Danaher Corporation $DHR Shares Sold by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. lowered its holdings in Danaher Corporation (NYSE:DHR) by 24.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,135 shares of the conglomerate’s stock after selling 3,208 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Danaher were worth $2,009,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DHR. White Pine Capital LLC raised its holdings in Danaher by 1.4% in the 2nd quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock valued at $690,000 after buying an additional 49 shares during the period. SOL Capital Management CO lifted its position in Danaher by 2.8% in the third quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock valued at $363,000 after buying an additional 50 shares during the last quarter. Purkiss Capital Advisors LLC boosted its stake in Danaher by 3.9% during the third quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock worth $263,000 after buying an additional 50 shares during the period. TCTC Holdings LLC increased its position in shares of Danaher by 0.7% during the third quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock valued at $1,475,000 after acquiring an additional 51 shares during the last quarter. Finally, Howard Capital Management Group LLC increased its position in shares of Danaher by 4.8% during the third quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock valued at $230,000 after acquiring an additional 53 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DHR has been the topic of several recent analyst reports. Guggenheim upped their price objective on shares of Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Leerink Partners lifted their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Argus set a $265.00 price objective on Danaher in a report on Wednesday, January 14th. Finally, KeyCorp reissued an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $253.86.

Danaher Price Performance

Danaher stock opened at $198.85 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80. The firm has a market cap of $140.62 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93. The company’s 50 day moving average is $221.89 and its two-hundred day moving average is $215.95.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Danaher’s previous quarterly dividend of $0.32. Danaher’s payout ratio is presently 25.40%.

About Danaher

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.