Benjamin Edwards Inc. Sells 7,696 Shares of Danaher Corporation $DHR

Benjamin Edwards Inc. trimmed its position in shares of Danaher Corporation (NYSE:DHR) by 39.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,955 shares of the conglomerate’s stock after selling 7,696 shares during the quarter. Benjamin Edwards Inc.’s holdings in Danaher were worth $2,737,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in Danaher during the fourth quarter worth about $26,000. JPL Wealth Management LLC bought a new stake in Danaher during the third quarter worth about $25,000. WFA of San Diego LLC bought a new stake in Danaher during the second quarter worth about $26,000. ANTIPODES PARTNERS Ltd bought a new stake in Danaher during the third quarter worth about $27,000. Finally, Financial Life Planners bought a new stake in shares of Danaher during the third quarter valued at approximately $32,000. 79.05% of the stock is owned by institutional investors.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DHR shares. Jefferies Financial Group reissued a “buy” rating and set a $245.00 price target on shares of Danaher in a research note on Tuesday, April 21st. Evercore increased their price target on shares of Danaher from $225.00 to $232.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Rothschild & Co Redburn set a $205.00 price target on shares of Danaher in a research note on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average target price of $240.70.

Danaher Price Performance

Shares of DHR stock opened at $174.69 on Wednesday. Danaher Corporation has a 52-week low of $172.34 and a 52-week high of $242.80. The stock has a market cap of $123.64 billion, a PE ratio of 33.79, a PEG ratio of 2.33 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The firm’s 50 day moving average price is $192.65 and its two-hundred day moving average price is $213.03.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm earned $1.88 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts forecast that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s dividend payout ratio (DPR) is presently 30.95%.

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.