Sterling Capital Management LLC Sells 7,273 Shares of Danaher Corporation $DHR

Sterling Capital Management LLC trimmed its position in Danaher Corporation (NYSE:DHR) by 8.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 77,440 shares of the conglomerate’s stock after selling 7,273 shares during the period. Sterling Capital Management LLC’s holdings in Danaher were worth $14,683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DHR. State Street Corp increased its holdings in Danaher by 1.7% during the 4th quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock worth $6,345,529,000 after acquiring an additional 472,608 shares during the period. Capital International Investors boosted its holdings in Danaher by 8.9% in the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock valued at $4,177,386,000 after purchasing an additional 1,487,768 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Danaher by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,973,240 shares of the conglomerate’s stock valued at $3,656,595,000 after purchasing an additional 1,334,221 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Danaher by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 15,076,796 shares of the conglomerate’s stock valued at $3,451,380,000 after purchasing an additional 1,517,904 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Danaher in the fourth quarter worth $2,177,106,000. 79.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHR. Barclays lowered their price objective on Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Jefferies Financial Group restated a “buy” rating and issued a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. Rothschild & Co Redburn set a $205.00 price target on Danaher in a report on Friday, April 17th. DZ Bank began coverage on Danaher in a research report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target for the company. Finally, Citigroup began coverage on Danaher in a report on Tuesday, May 26th. They set a “buy” rating and a $230.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $233.61.

Danaher Stock Performance

NYSE DHR opened at $195.67 on Friday. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The company has a fifty day moving average of $178.81 and a 200-day moving average of $201.69. The company has a market capitalization of $138.49 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

Danaher (NYSE:DHR) last released its earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Danaher Corporation will post 8.44 EPS for the current fiscal year.

Danaher Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.8%. Danaher’s dividend payout ratio is 30.95%.

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.