Pendal Group Ltd decreased its position in Danaher Co. (NYSE:DHR) by 1.7% during the 1st quarter, Holdings Channel reports. The firm owned 4,649 shares of the conglomerate’s stock after selling 78 shares during the quarter. Pendal Group Ltd’s holdings in Danaher were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Personal Financial Services lifted its position in Danaher by 13.7% during the 1st quarter. First Personal Financial Services now owns 664 shares of the conglomerate’s stock valued at $88,000 after purchasing an additional 80 shares during the period. Carroll Financial Associates Inc. lifted its position in Danaher by 5.6% during the 1st quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the conglomerate’s stock valued at $202,000 after purchasing an additional 82 shares during the period. Appleton Partners Inc. MA lifted its position in Danaher by 1.4% during the 1st quarter. Appleton Partners Inc. MA now owns 6,434 shares of the conglomerate’s stock valued at $849,000 after purchasing an additional 90 shares during the period. Elefante Mark B lifted its position in Danaher by 1.1% during the 4th quarter. Elefante Mark B now owns 8,490 shares of the conglomerate’s stock valued at $875,000 after purchasing an additional 95 shares during the period. Finally, Mechanics Bank Trust Department lifted its position in Danaher by 2.4% during the 4th quarter. Mechanics Bank Trust Department now owns 4,049 shares of the conglomerate’s stock valued at $418,000 after purchasing an additional 95 shares during the period. 77.57% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on DHR shares. Janney Montgomery Scott upped their target price on shares of Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group upped their target price on shares of Danaher to $140.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a $140.00 target price on shares of Danaher in a research report on Monday, March 4th. Needham & Company LLC restated a “buy” rating and set a $138.00 target price (up from $114.00) on shares of Danaher in a research report on Thursday, February 28th. Finally, UBS Group upped their target price on shares of Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $131.75.

Shares of NYSE:DHR opened at $130.73 on Wednesday. The company has a market capitalization of $93.59 billion, a P/E ratio of 28.92, a PEG ratio of 2.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.18. Danaher Co. has a fifty-two week low of $94.59 and a fifty-two week high of $134.67.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a net margin of 12.04% and a return on equity of 11.61%. Danaher’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, analysts forecast that Danaher Co. will post 4.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. Danaher’s dividend payout ratio is 15.04%.

In related news, Director Alan G. Spoon sold 1,913 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $129.52, for a total value of $247,771.76. Following the sale, the director now directly owns 86,863 shares in the company, valued at approximately $11,250,495.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Patrick Joyce, Jr. sold 183,878 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $131.30, for a total transaction of $24,143,181.40. Following the completion of the sale, the chief executive officer now owns 302,377 shares in the company, valued at $39,702,100.10. The disclosure for this sale can be found here. Insiders sold a total of 424,761 shares of company stock worth $54,983,097 over the last quarter. 11.40% of the stock is currently owned by corporate insiders.

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Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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