Danaher Corporation $DHR Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in shares of Danaher Corporation (NYSE:DHR) by 23.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,829 shares of the conglomerate’s stock after selling 4,825 shares during the period. Kestra Private Wealth Services LLC’s holdings in Danaher were worth $3,001,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norway Savings Bank boosted its position in Danaher by 4.5% during the 1st quarter. Norway Savings Bank now owns 7,379 shares of the conglomerate’s stock worth $1,399,000 after purchasing an additional 316 shares during the period. Corundum Group Inc. lifted its stake in shares of Danaher by 10.5% during the first quarter. Corundum Group Inc. now owns 1,573 shares of the conglomerate’s stock worth $298,000 after purchasing an additional 150 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Danaher during the first quarter worth about $150,000. Trust Co. of Oklahoma boosted its position in shares of Danaher by 1.5% in the first quarter. Trust Co. of Oklahoma now owns 23,251 shares of the conglomerate’s stock worth $4,408,000 after buying an additional 338 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Danaher by 18.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,580 shares of the conglomerate’s stock valued at $2,006,000 after buying an additional 1,629 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Trading Up 1.3%

NYSE:DHR opened at $195.67 on Friday. The stock has a market cap of $138.49 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. 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 business’s 50-day simple moving average is $178.81 and its 200 day simple moving average is $201.69.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the firm earned $1.88 EPS. Danaher’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Danaher Corporation will post 8.44 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Danaher’s dividend payout ratio (DPR) is presently 30.95%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada initiated coverage on Danaher in a report on Thursday, May 14th. They set an “outperform” rating and a $200.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Piper Sandler started coverage on shares of Danaher in a research note on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective on the stock. Guggenheim reduced their target price on shares of Danaher from $275.00 to $235.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.61.

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.