Aviso Financial Inc. Sells 15,532 Shares of Danaher Corporation $DHR

Aviso Financial Inc. lessened its stake in shares of Danaher Corporation (NYSE:DHR) by 52.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,825 shares of the conglomerate’s stock after selling 15,532 shares during the period. Aviso Financial Inc.’s holdings in Danaher were worth $2,741,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Danaher by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock worth $12,004,424,000 after purchasing an additional 788,499 shares in the last quarter. Geode Capital Management LLC increased its holdings in Danaher by 0.6% during the second quarter. Geode Capital Management LLC now owns 13,726,194 shares of the conglomerate’s stock worth $2,697,800,000 after buying an additional 81,670 shares during the last quarter. Norges Bank acquired a new position in Danaher during the second quarter worth $1,979,503,000. Generation Investment Management LLP lifted its stake in Danaher by 34.0% in the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after acquiring an additional 1,689,020 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Danaher by 4.0% in the 2nd quarter. Franklin Resources Inc. now owns 4,822,442 shares of the conglomerate’s stock valued at $952,625,000 after acquiring an additional 186,357 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHR. Guggenheim upped their target price on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Evercore restated an “outperform” rating and issued a $254.00 price objective on shares of Danaher in a research note on Wednesday, January 28th. Morgan Stanley initiated coverage on Danaher in a research note on Monday, December 1st. They set an “overweight” rating and a $270.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Argus set a $265.00 price target on Danaher in a report on Wednesday, January 14th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.86.

Danaher Stock Performance

DHR opened at $210.28 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. The business has a fifty day simple moving average of $225.33 and a 200 day simple moving average of $216.23. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $242.80. The company has a market capitalization of $148.70 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.09. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.14 EPS. Research analysts expect that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a $0.40 dividend. This is a positive change from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. This represents a $1.60 annualized dividend and a yield of 0.8%. Danaher’s dividend payout ratio is presently 25.40%.

Insider Transactions at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is owned by corporate insiders.

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.