Xponance Inc. Sells 3,016 Shares of Danaher Corporation $DHR

Xponance Inc. lowered its holdings in shares of Danaher Corporation (NYSE:DHR) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 97,789 shares of the conglomerate’s stock after selling 3,016 shares during the quarter. Xponance Inc.’s holdings in Danaher were worth $19,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DHR. Sivia Capital Partners LLC raised its stake in Danaher by 6.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after acquiring an additional 119 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Danaher by 2.7% in the second quarter. Ashton Thomas Private Wealth LLC now owns 5,274 shares of the conglomerate’s stock worth $1,044,000 after purchasing an additional 138 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Danaher by 445.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 15,573 shares of the conglomerate’s stock valued at $3,076,000 after purchasing an additional 12,717 shares during the period. Mayflower Financial Advisors LLC lifted its stake in shares of Danaher by 2.3% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 2,912 shares of the conglomerate’s stock valued at $575,000 after buying an additional 66 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in Danaher by 27.2% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 12,913 shares of the conglomerate’s stock worth $2,551,000 after buying an additional 2,764 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated Thursday, February 19th. The stock was 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 directly owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on DHR. Jefferies Financial Group increased their price objective on shares of Danaher from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Argus set a $265.00 price objective on Danaher in a research note on Wednesday, January 14th. Finally, TD Cowen reissued a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.86.

Danaher Trading Down 0.1%

Shares of DHR opened at $209.35 on Friday. The firm has a market capitalization of $148.04 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 2.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $242.80. The company has a 50-day moving average of $225.62 and a 200 day moving average of $216.09.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.14 earnings per share. On average, research analysts expect that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is currently 31.75%.

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.