Danaher Corporation $DHR Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC lessened its position in shares of Danaher Corporation (NYSE:DHR) by 31.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,988 shares of the conglomerate’s stock after selling 23,797 shares during the quarter. Danaher makes up about 1.5% of Strategic Wealth Investment Group LLC’s holdings, making the stock its 26th largest position. Strategic Wealth Investment Group LLC’s holdings in Danaher were worth $12,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its stake in Danaher by 25.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after purchasing an additional 74,301 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock valued at $131,784,000 after purchasing an additional 18,744 shares during the last quarter. Maxi Investments CY Ltd acquired a new position in Danaher in the 3rd quarter valued at about $3,251,000. Defender Capital LLC. acquired a new position in Danaher in the 4th quarter valued at about $35,715,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Danaher by 2.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,134 shares of the conglomerate’s stock valued at $32,343,000 after purchasing an additional 4,350 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays cut their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. UBS Group cut their target price on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. The Goldman Sachs Group cut their target price on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. DZ Bank assumed coverage on shares of Danaher in a research note on Wednesday. They issued a “buy” rating and a $210.00 target price for the company. Finally, Wolfe Research downgraded shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.14.

Danaher Stock Down 1.2%

DHR opened at $184.45 on Friday. The firm has a 50 day moving average price of $181.29 and a 200 day moving average price of $206.19. The company has a market cap of $130.55 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.81. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

Danaher (NYSE:DHR) last posted its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. Sell-side analysts expect that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio is 30.95%.

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.