Louisbourg Investments Inc. Cuts Position in Danaher Corporation $DHR

Louisbourg Investments Inc. lowered its holdings in Danaher Corporation (NYSE:DHR) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,064 shares of the conglomerate’s stock after selling 3,416 shares during the quarter. Louisbourg Investments Inc.’s holdings in Danaher were worth $4,135,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Viking Global Investors LP lifted its stake in shares of Danaher by 543.9% in the second quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock valued at $574,351,000 after purchasing an additional 2,455,994 shares during the period. Generation Investment Management LLP increased its holdings 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 buying an additional 1,689,020 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Danaher by 211.7% in the third quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock valued at $414,038,000 after buying an additional 1,418,243 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Danaher by 33.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,519,013 shares of the conglomerate’s stock valued at $697,680,000 after acquiring an additional 891,210 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Danaher by 23.7% during the 3rd quarter. Invesco Ltd. now owns 3,813,128 shares of the conglomerate’s stock valued at $755,991,000 after acquiring an additional 729,597 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on DHR. Jefferies Financial Group upped their price target on Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their target price on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Leerink Partners raised their price target on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Finally, Guggenheim lifted their price target on Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. Nineteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Danaher Price Performance

Danaher stock opened at $191.18 on Friday. The stock has a market capitalization of $135.30 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.58 and a beta of 0.95. Danaher Corporation has a 12-month low of $171.00 and a 12-month high of $242.80. 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 firm’s 50-day moving average is $205.37 and its two-hundred day moving average is $214.29.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion during 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%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 earnings per share. Equities analysts predict that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is currently 31.75%.

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.