Findlay Park Partners LLP Sells 9,900 Shares of Danaher Corporation $DHR

Findlay Park Partners LLP lessened its stake in shares of Danaher Corporation (NYSE:DHR) by 1.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 554,500 shares of the conglomerate’s stock after selling 9,900 shares during the period. Findlay Park Partners LLP’s holdings in Danaher were worth $109,935,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. White Pine Capital LLC grew its position in Danaher by 1.4% during the 2nd quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock worth $690,000 after acquiring an additional 49 shares during the last quarter. SOL Capital Management CO raised its position in Danaher by 2.8% in the third quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. Purkiss Capital Advisors LLC boosted its stake in shares of Danaher by 3.9% during the third quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock valued at $263,000 after purchasing an additional 50 shares in the last quarter. TCTC Holdings LLC grew its holdings in shares of Danaher by 0.7% during the third quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock worth $1,475,000 after purchasing an additional 51 shares during the last quarter. Finally, Howard Capital Management Group LLC increased its stake in shares of Danaher by 4.8% in the third quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock valued at $230,000 after buying an additional 53 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DHR. HSBC lifted their target price on shares of Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. JPMorgan Chase & Co. boosted their price objective on shares of Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Evercore restated an “outperform” rating and issued a $254.00 price objective on shares of Danaher in a report on Wednesday, January 28th. Robert W. Baird set a $251.00 target price on Danaher in a report on Thursday, January 29th. Finally, Morgan Stanley initiated coverage on Danaher in a research note on Monday, December 1st. They issued an “overweight” rating and a $270.00 price target for the company. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and a consensus price target of $253.86.

Danaher Stock Performance

Shares of DHR stock opened at $210.28 on Friday. The firm has a 50 day moving average of $225.33 and a 200-day moving average of $216.16. The company has a market cap of $148.70 billion, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 2.83 and a beta of 0.91. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Danaher’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.14 earnings per share. On average, equities analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

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

Insider Buying and Selling

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

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.