Crestwood Advisors Group LLC Sells 15,651 Shares of Danaher Corporation $DHR

Crestwood Advisors Group LLC lessened its position in Danaher Corporation (NYSE:DHR) by 4.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 301,000 shares of the conglomerate’s stock after selling 15,651 shares during the period. Danaher comprises about 1.1% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 24th biggest holding. Crestwood Advisors Group LLC’s holdings in Danaher were worth $68,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new position in shares of Danaher in the fourth quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in shares of Danaher in the third quarter worth approximately $25,000. WFA of San Diego LLC purchased a new position in shares of Danaher during the second quarter valued at approximately $26,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Danaher during the third quarter valued at approximately $27,000. Finally, Financial Life Planners purchased a new position in shares of Danaher during the third quarter valued at approximately $32,000. Institutional investors own 79.05% of the company’s stock.

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’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 transaction of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

DHR has been the subject of several research reports. Rothschild & Co Redburn set a $205.00 price objective on shares of Danaher in a report on Friday, April 17th. Leerink Partners boosted their price objective on shares of Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Jefferies Financial Group reissued a “buy” rating and set a $245.00 price objective on shares of Danaher in a report on Tuesday, April 21st. Finally, Morgan Stanley decreased their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $240.70.

Danaher Stock Up 0.4%

Shares of DHR stock opened at $175.55 on Friday. Danaher Corporation has a 12 month low of $172.06 and a 12 month high of $242.80. The stock has a market cap of $124.25 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.34 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $191.25 and a two-hundred day simple moving average of $212.54.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 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 business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Dividend Announcement

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

Danaher 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.