Bryn Mawr Capital Management LLC Sells 49,603 Shares of Danaher Co. (NYSE:DHR)

Bryn Mawr Capital Management LLC cut its stake in Danaher Co. (NYSE:DHR) by 68.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,803 shares of the conglomerate’s stock after selling 49,603 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Danaher were worth $5,234,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DHR. Heck Capital Advisors LLC purchased a new position in shares of Danaher during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new position in Danaher in the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new position in Danaher during the 4th quarter worth $31,000. Teachers Insurance & Annuity Association of America bought a new stake in Danaher during the 3rd quarter valued at $39,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Danaher in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

DHR has been the subject of several recent research reports. Barclays decreased their price objective on Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price target for the company in a report on Friday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $277.00 price objective (down from $299.00) on shares of Danaher in a research note on Thursday, January 30th. KeyCorp boosted their price objective on shares of Danaher from $290.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen increased their target price on Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $278.00.

Insider Buying and Selling

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the completion of the transaction, the senior vice president now directly owns 20,230 shares of the company’s stock, valued at approximately $4,534,149.90. This trade represents a 21.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.90% of the company’s stock.

Danaher Trading Up 0.3 %

Shares of Danaher stock opened at $205.23 on Thursday. The firm’s 50 day simple moving average is $227.74 and its two-hundred day simple moving average is $247.80. The firm has a market capitalization of $148.24 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.63 and a beta of 0.83. Danaher Co. has a 12-month low of $196.80 and a 12-month high of $281.70. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHR) last released its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same period in the prior year, the business posted $2.09 EPS. Analysts predict that Danaher Co. will post 7.67 EPS for the current year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, December 27th. Danaher’s payout ratio is 20.45%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.