Entropy Technologies LP Sells 10,138 Shares of Danaher Corporation $DHR

Entropy Technologies LP trimmed its position in Danaher Corporation (NYSE:DHR) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,307 shares of the conglomerate’s stock after selling 10,138 shares during the period. Entropy Technologies LP’s holdings in Danaher were worth $5,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. WFA of San Diego LLC bought a new position in shares of Danaher in the 2nd quarter worth approximately $26,000. Howard Hughes Medical Institute bought a new stake in Danaher during the second quarter valued at approximately $27,000. ANTIPODES PARTNERS Ltd purchased a new stake in Danaher during the third quarter valued at approximately $27,000. TruNorth Capital Management LLC purchased a new stake in Danaher during the third quarter valued at approximately $28,000. Finally, Tripletail Wealth Management LLC bought a new position in Danaher in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird set a $251.00 price objective on shares of Danaher in a research report on Thursday, January 29th. Wells Fargo & Company raised their target price on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a report on Monday, December 15th. Morgan Stanley began coverage on Danaher in a research report on Monday, December 1st. They set an “overweight” rating and a $270.00 target price on the stock. Evercore reissued an “outperform” rating and set a $254.00 price target on shares of Danaher in a report on Wednesday, January 28th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.86.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This trade represents a 20.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.10% of the stock is owned by insiders.

Danaher Stock Down 4.4%

DHR opened at $186.39 on Friday. The stock has a market cap of $131.81 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The firm’s fifty day moving average is $219.65 and its 200 day moving average is $215.49. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $242.80.

Danaher (NYSE:DHR) last issued its quarterly 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. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same quarter in the prior year, the business posted $2.14 EPS. Danaher’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. This is a boost from Danaher’s previous quarterly dividend of $0.32. Danaher’s payout ratio is presently 25.40%.

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.