Mn Services Vermogensbeheer B.V. Acquires 2,900 Shares of Danaher Corporation $DHR

Mn Services Vermogensbeheer B.V. boosted its holdings in Danaher Corporation (NYSE:DHR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,600 shares of the conglomerate’s stock after buying an additional 2,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Danaher were worth $48,296,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. WFA of San Diego LLC bought a new stake in shares of Danaher during the 2nd quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new stake in Danaher in the second quarter valued at approximately $27,000. TruNorth Capital Management LLC bought a new stake in shares of Danaher during the third quarter worth $28,000. Red Tortoise LLC increased its holdings in shares of Danaher by 175.0% during the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after buying an additional 98 shares in the last quarter. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Danaher during the third quarter worth $31,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DHR. Jefferies Financial Group boosted their price objective on Danaher from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Argus set a $265.00 price target on Danaher in a research note on Wednesday, January 14th. TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Danaher from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, December 18th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.09.

Insiders Place Their Bets

In other Danaher news, SVP Brian W. Ellis sold 21,776 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $219.23, for a total transaction of $4,773,952.48. Following the completion of the sale, the senior vice president directly owned 14,553 shares in the company, valued at approximately $3,190,454.19. This trade represents a 59.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Georgeann Couchara sold 5,174 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $210.42, for a total value of $1,088,713.08. Following the completion of the transaction, the senior vice president directly owned 2,625 shares in the company, valued at $552,352.50. This represents a 66.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 30,248 shares of company stock worth $6,609,663. Company insiders own 11.10% of the company’s stock.

Danaher Stock Down 2.2%

Danaher stock opened at $234.91 on Friday. The firm has a market cap of $165.93 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 3.65 and a beta of 0.89. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $258.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a 50 day moving average price of $230.26 and a two-hundred day moving average price of $213.09.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the firm posted $1.71 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, December 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. Danaher’s dividend payout ratio is 26.39%.

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.