Lmcg Investments LLC Sells 8,149 Shares of Danaher Corporation $DHR

Lmcg Investments LLC cut its holdings in Danaher Corporation (NYSE:DHR) by 7.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 108,872 shares of the conglomerate’s stock after selling 8,149 shares during the quarter. Danaher makes up approximately 1.2% of Lmcg Investments LLC’s holdings, making the stock its 19th biggest holding. Lmcg Investments LLC’s holdings in Danaher were worth $20,642,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have commented on DHR. Evercore reaffirmed an “outperform” rating and set a $230.00 target price on shares of Danaher in a report on Monday. Wells Fargo & Company lowered their price objective 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. Argus reduced their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 24th. TD Cowen decreased their target price 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. Finally, The Goldman Sachs Group lowered their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.52.

Danaher Stock Up 0.3%

Danaher stock opened at $194.17 on Wednesday. The company has a market capitalization of $137.42 billion, a PE ratio of 37.56, a PEG ratio of 2.47 and a beta of 0.79. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The firm’s fifty day moving average is $179.65 and its 200 day moving average is $199.92. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Danaher Corporation will post 8.44 EPS for the current fiscal year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be paid 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 is 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.