Danaher Co. (NYSE:DHR) Stock Holdings Trimmed by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID reduced its position in Danaher Co. (NYSE:DHRFree Report) by 0.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,447 shares of the conglomerate’s stock after selling 1,160 shares during the quarter. Danaher accounts for about 3.7% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its 7th largest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in Danaher were worth $65,538,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DHR. ST Germain D J Co. Inc. grew its stake in shares of Danaher by 1.4% in the first quarter. ST Germain D J Co. Inc. now owns 2,880 shares of the conglomerate’s stock worth $719,000 after purchasing an additional 41 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its position in Danaher by 2.3% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,899 shares of the conglomerate’s stock valued at $439,000 after acquiring an additional 43 shares in the last quarter. Berger Financial Group Inc grew its holdings in shares of Danaher by 1.7% during the 4th quarter. Berger Financial Group Inc now owns 2,517 shares of the conglomerate’s stock worth $582,000 after acquiring an additional 43 shares during the period. Los Angeles Capital Management LLC raised its holdings in Danaher by 1.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 3,470 shares of the conglomerate’s stock worth $803,000 after purchasing an additional 43 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Danaher by 1.0% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 4,329 shares of the conglomerate’s stock valued at $1,001,000 after buying an additional 43 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

DHR has been the subject of a number of analyst reports. TD Cowen raised their price objective on Danaher from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Barclays increased their price objective on shares of Danaher from $260.00 to $270.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Citigroup upped their target price on shares of Danaher from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Bank of America increased their price target on shares of Danaher from $258.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group started coverage on shares of Danaher in a report on Monday, June 3rd. They issued a “buy” rating and a $295.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $269.29.

Get Our Latest Research Report on Danaher

Insider Activity at Danaher

In other Danaher news, CEO Rainer Blair sold 47,175 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $249.22, for a total value of $11,756,953.50. Following the completion of the transaction, the chief executive officer now owns 115,995 shares of the company’s stock, valued at approximately $28,908,273.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alan G. Spoon sold 708 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $243.58, for a total transaction of $172,454.64. Following the completion of the sale, the director now owns 116,202 shares in the company, valued at $28,304,483.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rainer Blair sold 47,175 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $249.22, for a total transaction of $11,756,953.50. Following the sale, the chief executive officer now directly owns 115,995 shares in the company, valued at approximately $28,908,273.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,783 shares of company stock worth $37,536,717. 11.10% of the stock is currently owned by company insiders.

Danaher Price Performance

Danaher stock traded up $6.40 during midday trading on Friday, reaching $254.96. The company had a trading volume of 6,839,526 shares, compared to its average volume of 3,070,856. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.85 and a quick ratio of 1.51. Danaher Co. has a 12-month low of $182.09 and a 12-month high of $269.11. The company has a market capitalization of $188.85 billion, a P/E ratio of 43.21, a P/E/G ratio of 3.80 and a beta of 0.85. The firm’s fifty day simple moving average is $254.46 and its 200-day simple moving average is $245.44.

Danaher (NYSE:DHRGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.20. Danaher had a net margin of 16.78% and a return on equity of 11.43%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the company earned $2.36 EPS. Danaher’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Danaher Co. will post 7.63 EPS for the current year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be paid a $0.27 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.42%. Danaher’s payout ratio is presently 18.31%.

Danaher Company Profile

(Free Report)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.

See Also

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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