Danaher Corporation $DHR Shares Acquired by Lbp Am Sa

Lbp Am Sa boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 91.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,962 shares of the conglomerate’s stock after acquiring an additional 5,244 shares during the period. Lbp Am Sa’s holdings in Danaher were worth $2,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DHR. WFA of San Diego LLC purchased a new stake in shares of Danaher in the 2nd quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new position in Danaher in the second quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in Danaher in the third quarter valued at $28,000. Red Tortoise LLC lifted its holdings in Danaher by 175.0% during the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after buying an additional 98 shares during the last quarter. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Danaher during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Insider Transactions at Danaher

In related news, Director Teri List sold 3,298 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.50, for a total transaction of $746,997.00. Following the transaction, the director owned 20,762 shares of the company’s stock, valued at $4,702,593. This trade represents a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Georgeann Couchara sold 5,174 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $210.42, for a total value of $1,088,713.08. Following the sale, the senior vice president directly owned 2,625 shares of the company’s stock, valued at approximately $552,352.50. This represents a 66.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,248 shares of company stock worth $6,609,663. Company insiders own 11.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $247.00 target price on Danaher in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Guggenheim boosted their price objective on shares of Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Danaher from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.09.

Danaher Stock Down 0.2%

DHR stock opened at $236.18 on Wednesday. The company has a market cap of $166.82 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.89. The company has a fifty day moving average price of $230.80 and a 200 day moving average price of $213.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.52 and a quick ratio of 1.10. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $258.23.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. Danaher’s dividend payout ratio is 26.39%.

Danaher Company 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.