Danaher Corporation $DHR Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC cut its holdings in Danaher Corporation (NYSE:DHR) by 86.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,674 shares of the conglomerate’s stock after selling 10,474 shares during the quarter. Diversify Wealth Management LLC’s holdings in Danaher were worth $394,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DHR. JPL Wealth Management LLC acquired a new stake in Danaher in the 3rd quarter valued at $25,000. Elevated Capital Advisors LLC acquired a new position in Danaher during the fourth quarter worth $26,000. WFA of San Diego LLC purchased a new position in Danaher during the second quarter valued at $26,000. ANTIPODES PARTNERS Ltd purchased a new position in Danaher during the third quarter valued at $27,000. Finally, Financial Life Planners acquired a new stake in shares of Danaher in the third quarter valued at about $32,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Trading Down 0.1%

Shares of Danaher stock opened at $170.98 on Monday. Danaher Corporation has a 1-year low of $170.74 and a 1-year high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The stock has a market cap of $121.01 billion, a P/E ratio of 33.07, a P/E/G ratio of 2.29 and a beta of 0.81. The stock’s 50 day simple moving average is $191.25 and its 200-day simple moving average is $212.54.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $5.95 billion for 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 revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 earnings per share. Analysts predict that Danaher Corporation will post 8.43 EPS for the current fiscal year.

Danaher Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wolfe Research lowered their price objective on Danaher from $260.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. UBS Group cut their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Argus decreased their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Eighteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $240.70.

Insiders Place Their Bets

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by insiders.

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.