Sawgrass Asset Management LLC Sells 34,026 Shares of Danaher Corporation $DHR

Sawgrass Asset Management LLC lessened its stake in shares of Danaher Corporation (NYSE:DHR) by 52.6% during the third quarter, Holdings Channel.com reports. The firm owned 30,701 shares of the conglomerate’s stock after selling 34,026 shares during the period. Sawgrass Asset Management LLC’s holdings in Danaher were worth $6,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sivia Capital Partners LLC raised its stake in shares of Danaher by 6.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after purchasing an additional 119 shares during the period. Perigon Wealth Management LLC raised its position in Danaher by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 4,643 shares of the conglomerate’s stock worth $917,000 after acquiring an additional 61 shares during the period. Dakota Wealth Management boosted its stake in Danaher by 7.1% in the second quarter. Dakota Wealth Management now owns 7,329 shares of the conglomerate’s stock valued at $1,448,000 after acquiring an additional 483 shares during the last quarter. Kathmere Capital Management LLC grew its position in shares of Danaher by 13.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,272 shares of the conglomerate’s stock valued at $251,000 after acquiring an additional 154 shares during the period. Finally, Patton Fund Management Inc. purchased a new stake in shares of Danaher during the 2nd quarter worth approximately $221,000. Institutional investors own 79.05% of the company’s stock.

Insider Transactions at Danaher

In related news, SVP Brian W. Ellis sold 21,776 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $219.23, for a total transaction of $4,773,952.48. Following the transaction, the senior vice president owned 14,553 shares of the company’s stock, valued at approximately $3,190,454.19. This trade represents a 59.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teri List sold 3,298 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $226.50, for a total transaction of $746,997.00. Following the completion of the sale, the director directly owned 20,762 shares of the company’s stock, valued at $4,702,593. This represents a 13.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 30,248 shares of company stock worth $6,609,663. 11.10% of the stock is currently owned by corporate insiders.

Danaher Trading Down 2.2%

Shares of DHR stock opened at $234.91 on Friday. The company has a market capitalization of $165.93 billion, a PE ratio of 48.43, a price-to-earnings-growth ratio of 3.58 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 business’s fifty day moving average is $230.26 and its 200 day moving average is $213.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52.

Danaher Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DHR. Jefferies Financial Group increased their price target on Danaher from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. KeyCorp reiterated an “overweight” rating on shares of Danaher in a research note on Thursday, December 18th. Robert W. Baird set a $247.00 price target on shares of Danaher in a research note on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating and set a $250.00 target price on shares of Danaher in a report on Monday, January 5th. Finally, Guggenheim lifted their price target on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.09.

About Danaher

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.