Capital International Sarl Sells 26,800 Shares of Danaher Corporation $DHR

Capital International Sarl lessened its position in Danaher Corporation (NYSE:DHR) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,737 shares of the conglomerate’s stock after selling 26,800 shares during the period. Capital International Sarl’s holdings in Danaher were worth $17,593,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DHR. Sivia Capital Partners LLC grew its position 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 last quarter. Wedbush Securities Inc. increased its stake in shares of Danaher by 6.3% in the second quarter. Wedbush Securities Inc. now owns 4,541 shares of the conglomerate’s stock valued at $897,000 after buying an additional 270 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of Danaher by 16.0% in the second quarter. Prospera Financial Services Inc now owns 4,972 shares of the conglomerate’s stock valued at $983,000 after buying an additional 684 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Danaher by 2.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,297 shares of the conglomerate’s stock worth $651,000 after buying an additional 71 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC grew its holdings in Danaher by 112.5% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,839 shares of the conglomerate’s stock worth $758,000 after acquiring an additional 2,032 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.20% of the company’s stock.

Danaher Stock Up 1.7%

Danaher stock opened at $198.85 on Tuesday. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $242.80. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $221.89 and a 200-day moving average of $215.95. The stock has a market capitalization of $140.62 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 EPS. On average, equities research analysts anticipate that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a $0.40 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.32. 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. Danaher’s payout ratio is presently 25.40%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen reissued a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Robert W. Baird set a $251.00 price target on Danaher in a report on Thursday, January 29th. HSBC boosted their price objective on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.86.

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.