Whittier Trust Co. of Nevada Inc. Purchases 64,741 Shares of Danaher Corporation $DHR

Whittier Trust Co. of Nevada Inc. increased its position in Danaher Corporation (NYSE:DHR) by 101.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,368 shares of the conglomerate’s stock after acquiring an additional 64,741 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Danaher were worth $27,598,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. White Pine Capital LLC increased its stake in shares of Danaher by 1.4% in the second quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock worth $690,000 after purchasing an additional 49 shares during the period. SOL Capital Management CO increased its position in Danaher by 2.8% in the 3rd quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock worth $363,000 after buying an additional 50 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Danaher by 2.1% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 2,524 shares of the conglomerate’s stock worth $499,000 after buying an additional 51 shares during the last quarter. Worth Financial Advisory Group LLC boosted its position in shares of Danaher by 4.6% in the second quarter. Worth Financial Advisory Group LLC now owns 1,195 shares of the conglomerate’s stock valued at $236,000 after acquiring an additional 53 shares during the period. Finally, Howard Capital Management Group LLC grew its stake in shares of Danaher by 4.8% in the third quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock worth $230,000 after acquiring an additional 53 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Danaher Trading Down 2.2%

DHR stock opened at $234.91 on Friday. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $258.23. The firm has a market cap of $165.93 billion, a P/E ratio of 48.43, a P/E/G ratio of 3.58 and a beta of 0.89. The business’s 50 day moving average is $230.26 and its 200-day moving average is $213.17. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33.

Danaher Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DHR. TD Cowen reissued a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Danaher from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Argus set a $265.00 price target on Danaher in a report on Wednesday, January 14th. The Goldman Sachs Group lifted their price objective on Danaher from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Rothschild & Co Redburn restated a “neutral” rating and issued a $220.00 target price (down from $245.00) on shares of Danaher in a research note on Wednesday, October 8th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.09.

Insider Activity

In other Danaher news, SVP Brian W. Ellis sold 21,776 shares of the company’s stock in a transaction dated 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 sale, the senior vice president directly owned 14,553 shares of the company’s stock, valued at approximately $3,190,454.19. This represents a 59.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Teri List sold 3,298 shares of Danaher stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total transaction of $746,997.00. Following the completion of the transaction, the director owned 20,762 shares of the company’s stock, valued at $4,702,593. This trade represents a 13.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 30,248 shares of company stock worth $6,609,663. Corporate insiders own 11.10% of the company’s stock.

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.