Riverbridge Partners LLC Sells 9,737 Shares of Danaher Corporation $DHR

Riverbridge Partners LLC lowered its position in shares of Danaher Corporation (NYSE:DHR) by 3.7% in the third quarter, HoldingsChannel reports. The fund owned 250,247 shares of the conglomerate’s stock after selling 9,737 shares during the period. Riverbridge Partners LLC’s holdings in Danaher were worth $49,614,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Kaufman Rossin Wealth LLC acquired a new position in Danaher during the 3rd quarter valued at about $209,000. Bridge Creek Capital Management LLC raised its stake in Danaher by 1.0% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 11,169 shares of the conglomerate’s stock worth $2,214,000 after buying an additional 115 shares during the period. CCLA Investment Management raised its stake in Danaher by 41.3% during the 3rd quarter. CCLA Investment Management now owns 725,976 shares of the conglomerate’s stock worth $143,808,000 after buying an additional 212,337 shares during the period. Hall Laurie J Trustee lifted its holdings in Danaher by 2.1% during the third quarter. Hall Laurie J Trustee now owns 22,559 shares of the conglomerate’s stock worth $4,473,000 after acquiring an additional 465 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in Danaher by 12.3% in the third quarter. Brighton Jones LLC now owns 11,671 shares of the conglomerate’s stock valued at $2,314,000 after acquiring an additional 1,281 shares during the period. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHR. Royal Bank Of Canada set a $241.00 price target on Danaher in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Danaher in a research report on Wednesday, October 8th. Evercore ISI upped their target price on shares of Danaher from $226.00 to $245.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Wells Fargo & Company lifted their price target on Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. Finally, Morgan Stanley started coverage on Danaher in a research report on Monday, December 1st. They set an “overweight” rating and a $270.00 price objective for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and a consensus target price of $248.25.

Insider Transactions at Danaher

In other news, SVP Brian W. Ellis sold 21,776 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $219.23, for a total transaction of $4,773,952.48. Following the completion of the sale, the senior vice president owned 14,553 shares in the company, valued at $3,190,454.19. The trade was a 59.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Georgeann Couchara sold 5,174 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $210.42, for a total value of $1,088,713.08. Following the transaction, the senior vice president owned 2,625 shares in the company, valued at approximately $552,352.50. This trade represents a 66.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,248 shares of company stock worth $6,609,663. 11.20% of the stock is owned by insiders.

Danaher Trading Up 0.2%

Danaher stock opened at $224.78 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52. The stock has a 50-day simple moving average of $220.37 and a 200 day simple moving average of $207.11. The stock has a market capitalization of $158.77 billion, a P/E ratio of 46.35, a PEG ratio of 4.36 and a beta of 0.89. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $258.23.

Danaher (NYSE:DHR) last issued its earnings results on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the company posted $1.71 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. Danaher’s dividend payout ratio is presently 26.39%.

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.