GRIMES & Co WEALTH MANAGEMENT LLC Has $3.05 Million Stake in Danaher Corporation $DHR

GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in Danaher Corporation (NYSE:DHR) by 72.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,300 shares of the conglomerate’s stock after buying an additional 5,599 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Danaher were worth $3,045,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Elevated Capital Advisors LLC bought a new position in Danaher in the 4th quarter valued at $26,000. JPL Wealth Management LLC bought a new position in Danaher in the 3rd quarter valued at $25,000. WFA of San Diego LLC bought a new position in Danaher in the 2nd quarter valued at $26,000. ANTIPODES PARTNERS Ltd bought a new position in Danaher in the 3rd quarter valued at $27,000. Finally, Financial Life Planners bought a new position in Danaher in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the subject of several research analyst reports. Leerink Partners lifted their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Morgan Stanley cut their price objective on Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Evercore lifted their price objective on Danaher from $225.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. Finally, The Goldman Sachs Group cut their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $240.70.

Danaher Trading Down 2.7%

DHR stock opened at $170.98 on Friday. The company has a market cap of $121.01 billion, a P/E ratio of 33.07, a PEG ratio of 2.35 and a beta of 0.81. Danaher Corporation has a twelve month low of $170.74 and a twelve month high of $242.80. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $191.25 and a 200-day moving average of $212.54.

Danaher (NYSE:DHR) last released its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The company had revenue of $5.95 billion during 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 firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 earnings per share. As a group, equities research analysts expect that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Dividend Announcement

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

Insider Buying and Selling at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’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 completion of the sale, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.80% of the stock is currently owned by insiders.

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.