James Hambro & Partners LLP Sells 67,136 Shares of Danaher Corporation $DHR

James Hambro & Partners LLP reduced its holdings in shares of Danaher Corporation (NYSE:DHR) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,768 shares of the conglomerate’s stock after selling 67,136 shares during the quarter. Danaher makes up about 0.7% of James Hambro & Partners LLP’s holdings, making the stock its 22nd largest position. James Hambro & Partners LLP’s holdings in Danaher were worth $19,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DHR. Tyche Wealth Partners LLC bought a new position in Danaher during the third quarter valued at about $462,000. Lockheed Martin Investment Management Co. raised its position in Danaher by 49.4% in the third quarter. Lockheed Martin Investment Management Co. now owns 25,340 shares of the conglomerate’s stock worth $5,024,000 after acquiring an additional 8,380 shares during the period. Johnson Investment Counsel Inc. raised its position in Danaher by 2.9% in the third quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after acquiring an additional 18,744 shares during the period. Resona Asset Management Co. Ltd. boosted its stake in Danaher by 4.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 513,288 shares of the conglomerate’s stock valued at $100,071,000 after acquiring an additional 22,595 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Danaher by 179.9% during the 2nd quarter. Quantbot Technologies LP now owns 52,622 shares of the conglomerate’s stock valued at $10,395,000 after acquiring an additional 33,823 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Insider Transactions at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DHR. Guggenheim raised their price target on shares of Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. JPMorgan Chase & Co. increased their price objective on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. KeyCorp reissued an “overweight” rating on shares of Danaher in a research report on Thursday, January 29th. The Goldman Sachs Group lowered their target price on Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Danaher Stock Performance

Shares of DHR stock opened at $183.93 on Tuesday. The firm’s 50 day moving average is $208.26 and its 200 day moving average is $214.62. The stock has a market capitalization of $130.17 billion, a P/E ratio of 36.49, a PEG ratio of 2.46 and a beta of 0.93. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35.

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

Danaher Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date 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 31.75%.

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.