IFP Advisors Inc Sells 5,461 Shares of Danaher Corporation $DHR

IFP Advisors Inc cut its holdings in Danaher Corporation (NYSE:DHR) by 80.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,292 shares of the conglomerate’s stock after selling 5,461 shares during the period. IFP Advisors Inc’s holdings in Danaher were worth $256,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Kestra Private Wealth Services LLC grew its position in Danaher by 0.3% in the third quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate’s stock valued at $3,057,000 after purchasing an additional 48 shares in the last quarter. SOL Capital Management CO lifted its position in Danaher by 2.8% during 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 in the last quarter. Purkiss Capital Advisors LLC lifted its position in Danaher by 3.9% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock worth $263,000 after buying an additional 50 shares in the last quarter. TCTC Holdings LLC boosted its stake in shares of Danaher by 0.7% during the 3rd quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock worth $1,475,000 after buying an additional 51 shares during the last quarter. Finally, Howard Capital Management Group LLC grew its holdings in shares of Danaher by 4.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock valued at $230,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DHR. Argus set a $265.00 target price on Danaher in a research report on Wednesday, January 14th. Leerink Partners raised their price target on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. boosted their price target on Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Finally, Robert W. Baird set a $251.00 price objective on Danaher in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

Insiders Place Their Bets

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the sale, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.10% of the company’s stock.

Danaher Trading Down 3.4%

Shares of NYSE:DHR opened at $181.65 on Friday. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The company has a market capitalization of $128.55 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 2.55 and a beta of 0.93. The company has a 50-day simple moving average of $209.30 and a 200 day simple moving average of $214.40.

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

Danaher Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, March 27th. This is a boost from Danaher’s previous quarterly dividend of $0.32. Danaher’s payout ratio is presently 25.40%.

Danaher 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.