iA Global Asset Management Inc. Sells 350,281 Shares of Danaher Corporation $DHR

iA Global Asset Management Inc. trimmed its holdings in Danaher Corporation (NYSE:DHR) by 92.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 28,911 shares of the conglomerate’s stock after selling 350,281 shares during the period. iA Global Asset Management Inc.’s holdings in Danaher were worth $5,482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in Danaher by 1.7% during the fourth quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock valued at $6,345,529,000 after purchasing an additional 472,608 shares during the period. Capital International Investors grew its position in Danaher by 8.9% in the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock worth $4,177,386,000 after purchasing an additional 1,487,768 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Danaher by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,973,240 shares of the conglomerate’s stock valued at $3,656,595,000 after buying an additional 1,334,221 shares during the last quarter. Wellington Management Group LLP raised its stake in Danaher by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 15,076,796 shares of the conglomerate’s stock valued at $3,451,380,000 after buying an additional 1,517,904 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Danaher during the 4th quarter valued at $2,177,106,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings lowered Danaher from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Royal Bank Of Canada started coverage on Danaher in a report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Argus dropped their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and set a $245.00 price target on shares of Danaher in a research note on Tuesday, April 21st. Finally, Rothschild & Co Redburn set a $205.00 price objective on shares of Danaher in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.61.

Danaher Stock Performance

NYSE:DHR opened at $193.81 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The stock has a 50-day simple moving average of $178.68 and a two-hundred day simple moving average of $200.76. The firm has a market capitalization of $137.17 billion, a PE ratio of 37.49, a P/E/G ratio of 2.43 and a beta of 0.79. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. Analysts forecast that Danaher Corporation will post 8.44 EPS for the current year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.8%. Danaher’s payout ratio is currently 30.95%.

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.