Redmond Asset Management LLC Boosts Stock Holdings in Danaher Co. (NYSE:DHR)

Redmond Asset Management LLC lifted its stake in shares of Danaher Co. (NYSE:DHR) by 90.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,737 shares of the conglomerate’s stock after acquiring an additional 6,058 shares during the quarter. Redmond Asset Management LLC’s holdings in Danaher were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms have recently commented on DHR. Wolfe Research upgraded Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price objective on the stock in a report on Thursday, October 31st. Guggenheim started coverage on shares of Danaher in a research report on Thursday, December 19th. They set a “buy” rating and a $275.00 price objective on the stock. StockNews.com lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Citigroup lowered their price objective on Danaher from $285.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Robert W. Baird decreased their target price on shares of Danaher from $277.00 to $268.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Danaher has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Activity

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $224.13, for a total value of $1,277,541.00. Following the transaction, the senior vice president now directly owns 20,230 shares of the company’s stock, valued at $4,534,149.90. This trade represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.10% of the company’s stock.

Danaher Stock Performance

NYSE DHR opened at $209.86 on Friday. The business’s 50-day moving average price is $226.71 and its 200 day moving average price is $247.11. 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 Co. has a twelve month low of $196.80 and a twelve month high of $281.70. The company has a market capitalization of $151.58 billion, a PE ratio of 39.75, a price-to-earnings-growth ratio of 2.61 and a beta of 0.83.

Danaher (NYSE:DHR) last announced its quarterly earnings data 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 net margin of 16.33% and a return on equity of 10.82%. During the same quarter in the previous year, the firm posted $2.09 earnings per share. On average, research analysts predict that Danaher Co. will post 7.67 earnings per share for the current year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.61%. This is a positive change from Danaher’s previous quarterly dividend of $0.27. Danaher’s dividend payout ratio is presently 20.45%.

About Danaher

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.