Danaher Corporation $DHR Shares Sold by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC cut its holdings in shares of Danaher Corporation (NYSE:DHR) by 26.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,806 shares of the conglomerate’s stock after selling 2,786 shares during the period. Connecticut Wealth Management LLC’s holdings in Danaher were worth $1,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG boosted its position in shares of Danaher by 25.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock worth $83,895,000 after buying an additional 74,301 shares during the period. Maxi Investments CY Ltd acquired a new stake in Danaher in the third quarter worth approximately $3,251,000. Defender Capital LLC. acquired a new stake in Danaher in the fourth quarter worth approximately $35,715,000. CIBC Bancorp USA Inc. acquired a new stake in Danaher in the third quarter worth approximately $17,480,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Danaher by 303.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock worth $56,777,000 after purchasing an additional 186,584 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on DHR. Wells Fargo & Company cut their target price on Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. Royal Bank Of Canada began coverage on Danaher in a research report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 target price for the company. UBS Group cut their target price on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Citigroup began coverage on Danaher in a research report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danaher has an average rating of “Moderate Buy” and an average price target of $233.61.

Danaher Price Performance

NYSE DHR opened at $180.65 on Friday. The stock has a market capitalization of $127.86 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.45 and a beta of 0.81. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The business’s fifty day moving average is $181.15 and its two-hundred day moving average is $204.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 earnings per share. On average, research analysts forecast that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Danaher’s dividend payout ratio is currently 30.95%.

Danaher Company 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.