Danaher Corporation $DHR Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its position in Danaher Corporation (NYSE:DHR) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,346 shares of the conglomerate’s stock after selling 10,701 shares during the period. Danaher accounts for 1.7% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 13th largest holding. Duncker Streett & Co. Inc.’s holdings in Danaher were worth $8,977,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Enterprise Financial Services Corp increased its holdings in Danaher by 1.4% in the fourth quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock valued at $737,000 after buying an additional 46 shares during the last quarter. Kennebec Savings Bank increased its holdings in shares of Danaher by 1.4% in the 4th quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate’s stock valued at $766,000 after acquiring an additional 46 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Danaher by 2.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock worth $428,000 after acquiring an additional 47 shares in the last quarter. High Note Wealth LLC raised its position in shares of Danaher by 19.2% during the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate’s stock worth $67,000 after acquiring an additional 47 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its stake in Danaher by 4.4% during the fourth quarter. First Command Advisory Services Inc. now owns 1,104 shares of the conglomerate’s stock worth $253,000 after purchasing an additional 47 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DHR shares. Rothschild & Co Redburn set a $205.00 price target on shares of Danaher in a research note on Friday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Royal Bank Of Canada began coverage on shares of Danaher in a research report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Evercore reiterated an “outperform” rating and set a $230.00 price target on shares of Danaher in a research note on Monday. Finally, TD Cowen reduced their price target on shares of Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and a consensus price target of $233.52.

Danaher Trading Up 0.3%

Shares of Danaher stock opened at $194.17 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. The company has a market capitalization of $137.42 billion, a P/E ratio of 37.56, a PEG ratio of 2.47 and a beta of 0.79. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company’s fifty day moving average is $179.65 and its two-hundred day moving average is $199.92.

Danaher (NYSE:DHR) last announced 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 net margin of 14.89% and a return on equity of 10.91%. The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Analysts forecast that Danaher Corporation will post 8.44 earnings per share for the current year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is presently 30.95%.

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.