Danaher Corporation $DHR Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in Danaher Corporation (NYSE:DHR) by 81.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,541 shares of the conglomerate’s stock after selling 29,009 shares during the quarter. Shell Asset Management Co.’s holdings in Danaher were worth $1,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHR. Sivia Capital Partners LLC raised its position in Danaher by 6.3% in the second quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after acquiring an additional 119 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in Danaher by 17.5% during the second quarter. Koshinski Asset Management Inc. now owns 2,042 shares of the conglomerate’s stock valued at $403,000 after purchasing an additional 304 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Danaher by 4.9% during the second quarter. Mutual of America Capital Management LLC now owns 77,965 shares of the conglomerate’s stock worth $15,401,000 after buying an additional 3,647 shares in the last quarter. Palmer Knight Co grew its position in Danaher by 14.9% in the second quarter. Palmer Knight Co now owns 47,236 shares of the conglomerate’s stock worth $9,331,000 after buying an additional 6,133 shares during the last quarter. Finally, Sigma Investment Counselors Inc. increased its holdings in shares of Danaher by 6.2% in the second quarter. Sigma Investment Counselors Inc. now owns 27,775 shares of the conglomerate’s stock valued at $5,487,000 after buying an additional 1,624 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Evercore reaffirmed an “outperform” rating and set a $254.00 target price on shares of Danaher in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Monday, December 29th. Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. The Goldman Sachs Group reduced their target price on Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, HSBC lifted their price target on Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a report on Monday, December 1st. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.86.

Insider Activity at Danaher

In related news, Director Teri List sold 3,298 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $226.50, for a total value of $746,997.00. Following the completion of the sale, the director directly owned 20,762 shares in the company, valued at approximately $4,702,593. The trade was a 13.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.20% of the company’s stock.

Danaher Trading Down 1.2%

NYSE:DHR opened at $212.37 on Monday. 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 $150.01 billion, a P/E ratio of 42.14, a P/E/G ratio of 2.87 and a beta of 0.91. The stock’s 50 day moving average price is $228.63 and its 200 day moving average price is $215.60. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.14 by $0.09. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. Danaher’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.14 EPS. On average, research analysts forecast that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, December 26th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. Danaher’s payout ratio is currently 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.